Tire manufacturer Titan International’s sales to John Deere represented 13% of its 2023 net sales, according to its 10-K annual report released Feb. 29.
4WD tractors were the only segment to see year-over-year unit sales improve in January, according to the latest data from the Assn. of Equipment Manufacturers.
Titan Machinery reported record third quarter earnings for fiscal year 2024 on Nov. 30. The Case IH dealership group achieved revenues of $694 million for the period ending Oct. 31, 2023, up 3.8% vs. the same period last year.
During the major line OEM panel at Ag Equipment Intelligence’s 2024 Executive Briefing on Dec. 7, several executives from the majors spoke about the main challenges impacting their dealers over the next 5 years.
In an interview at this year’s Farm Progress Show, New Holland Brand President Carlo Lambro said the company was looking to remove several other manufacturer brands from its dealer network in the future to “clean” the network as much as possible.
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In this episode of On the Record, brought to you by Associated Equipment Distributors, we take an initial look at the Dealer Business Outlook & Trends Report and what dealers are forecasting for 2025.