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Articles Tagged with ''new equipment sales''

Surveyed Dealers Indicate New Inventory Levels 'Too Low' for First Time in 7 Years

August 3, 2020 | Posted in Data & Trends

According to the latest Dealer Sentiments & Business Conditions update, a net 1% of surveyed dealers indicated their new inventory levels were "too low" in June. This is the first time surveyed dealers have indicated their new equipment inventory levels were "too low" since July 2013.

Cervus Equipment 1Q20 Revenues Rise 9%; Ag Up 8%

May 15, 2020 | Posted in Earnings Reports

Cervus Equipment, John Deere’s largest ag equipment dealership group in Canada, posted strong results for the first quarter of 2020 ended March 31. The company reported new equipment revenue increased 21% in the first quarter of 2020 compared to the same quarter of 2019.

Cervus Equipment Reports Ag Equipment Sales Up 11% in 2018

March 18, 2019 | Posted in Earnings Reports

Cervus Equipment, one of John Deere’s largest farm equipment dealership groups, reports that its ag machinery sales for full-year 2018 rose by 11%. This was a new record for its agriculture segment, as revenues rose to $926,886 vs. $833,677 in 2017.

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Cervus Equipment Posts 14% 2Q18 Revenue Gain; Ag Sales Up by 19%

September 30, 2018 | Posted in Earnings Reports

Record second quarter sales of new farm machinery boosted Cervus Equipment’s overall revenue by 14%.

Most Dealers Believe Interest Rate Hikes Would Hamper Sales

April 1, 2018 | Posted in Mergers & Acquisitions

Nearly two-thirds of farm equipment dealers surveyed in early February expect higher interest rates on retail equipment will cause their farm customers to think twice before deciding to buy new equipment in 2018.

Cervus’ 3Q17 Revenues Rise 10%; New Ag Equipment Jumps 34%

November 1, 2017 | Posted in Data & Trends, Equipment & Equipment Sales

Cervus Equipment, John Deere’s largest Canadian dealer group, posted third-quarter 2017 consolidated revenue gains of 10% as its ag and construction equipment markets continue to show signs of recovery.

Nearly Half of Kubota Dealers Expect Higher New Equipment Sales in 2017

October 1, 2016 | Posted in Data & Trends, Equipment & Equipment Sales

Compared to dealers carrying other major brands of equipment, and even the independents that specialize in shortline products, Kubota dealers are easily the most optimistic going into 2017 — by a long shot.

Dealers a Bit More Positive About 2017 Prospects

October 1, 2016 | Posted in Data & Trends

As a group, more North American farm equipment dealers appear to be more hopeful about their prospects for increasing revenues going into 2017 than they did going into 2016.

60% of Dealers Report Lower New Equipment Revenues in 2016

September 1, 2016 | Posted in Data & Trends

For most U.S. and Canadian farm equipment dealers, 2016 was worse than what they were projecting 12 months ago.

Rocky Mountain Making Progress in Its Turnaround

November 1, 2015 | Posted in Data & Trends, Earnings Reports

For its third quarter, Rocky Mountain Dealerships (RME) reported total revenues were up by 10.9% to $256 million from $230.8 million a year ago. While new equipment sales were off by 2% vs. the same period last year, used equipment sales were up by 23%. Inventory decreased by $51.3 million or 9.5% to $489.7 million.

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Deere Production Could be Down 10-15% Next Year

In this episode of On the Record, brought to you by Associated Equipment Distributors, Deere Director of Investor Relations Josh Beal told JP Morgan analysts that the OEM is confident it will be “producing to demand” in fiscal year 2025.

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