An especially long and bitter Canadian winter cut into Rocky Mountain Dealership’s sales and inventory turnover, say company executives in reporting its first quarter 2018 results.
According to the company’s first quarter report, total sales increased 4.6% to $219.7 million compared to $209.9 million for the same quarter last year. This resulted from a $26.4 million increase in new equipment sales year-over-year. Offsetting that were decreases in used equipment, parts and service revenues.
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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.
