Large ag equipment retail sales showed solid growth in September, despite the fact that comparisons continue to get tougher and inventories remain below last year, says Mircea (Mig) Dobre, senior research analyst with RW Baird.
Retail sales for 100+ horsepower tractors exceeded our monthly forecast by 449 units and the year-to-date total was 2,754 units or 24.2% ahead of our forecast.
The Association of Equipment Manufacturers (AEM) today announced that Dennis J. Slater will retire as AEM President, effective December 31, 2021. The AEM Board of Directors has selected AEM’s Senior Vice President, Construction & Utility Sector Megan Tanel to succeed Slater and serve as AEM President effective January 1, 2022.
Monthly retail sales of 100+ horsepower tractors was 545 units above our monthly forecast while the YTD total retail sales was 2,306 units above our YTD forecast.
Growth rates remained solid in June, though growth moderated sequentially on much tougher comps for large ag, said Analyst with RW Baird Mircea “Mig” Dobre in a recent note.
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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.