Cervus Equipment, John Deere’s largest Canadian dealership group, reported $3.2 million in adjusted income before tax, up significantly from just $0.5 million in the first quarter of 2020. According to Cervus the strong performance is reflective of the dealership’s strategic focus on growing product support revenue in addition to lower finance costs associated with decreased inventory levels.
Total revenue for the quarter was down 1%, due largely to a 4% decrease in equipment revenue but…
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In this episode of On the Record, brought to you by Associated Equipment Distributors, we look at AGCO’s plans for its precision business and its 2029 targets. In the Technology Corner, Noah Newman talks with Eis Implement’s precision team. Also in this episode, the interest savings dealers could see with the latest rate cut by the Fed and a look at the used 100+ horsepower tractor market.
