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South American News: November 2024

November 15, 2024 | Posted in Ag Equipment Business, Data & Trends

Brazil: Machinery Sales Drop in September
Argentina: Case IH Opens Its Largest Dealership in Latin America
Deere Leads in Argentina’s Tractor Market, CNH Leads Combine Market

AEI Newsmakers: August 2024

August 15, 2024 | Posted in Ag Equipment Business, Equipment & Equipment Sales

Doosan Robotics will merge with Doosan Bobcat by early 2025. Prior to the merger...
CNH announced the appointment of Ryan Schaefer as new vice president of New Holland Ag North America...
AGCO entered into an agreement to sell the majority of its Grain & Protein business to American Industrial Partners...
According to CEMA’s August survey of EU ag equipment manufacturers, 6% consider their current business...
JP Morgan analysts view USDA’s Aug. 12 WASDE report as negative for U.S. farmers considering...
Trimble reported 2Q revenues of $870.8 million, down 12% year-over-year. For the full-year 2024...
Kinze announced Aug. 1 that it will be reducing its workforce. The reduction affects 193 of Kinze’s 815...
Alamo Group reported 2Q net sales of $416.3 million, down 5.5% year-over-year...

South American News: August 2024

August 15, 2024 | Posted in Ag Equipment Worldwide

Brazil’s Ag Machinery Sales Revenue Dropped 24.7% Year-Over-Year
No-tillage Machinery Focused Company Expands Factory in Argentina
Massey Ferguson Adds 2 New Dealerships in Argentina
CNH Suspends Major Production Line in Brazil

Claas Dealer Satisfaction Leads Way Among US Full-Line OEMs

July 15, 2024 | Posted in Dealers & Dealerships

As first reported in On The Record June 28, Ag Equipment Intelligence analyzed the North American Dealers Assn.’s annual Dealer-Manufacturer Relations Survey results released in June.

Ag Equipment Intelligence Lists

Ag Equipment Manufacturers’ 2023 Executive Compensation

June 17, 2024 | Posted in Ag Equipment Business, Data & Trends

Ag Equipment Intelligence has gathered data from the financial filings of the ag industry’s key publicly-traded manufacturers and compiled these companies’ executives’ compensation, now updated for the 2022 financial year.

Titan Machinery ‘Laser Focused’ on Inventory Management

June 17, 2024 | Posted in Ag Equipment Business, Earnings Reports

Titan Machinery’s focus for fiscal year 2025 (ending Jan. 31, 2025) is on inventory reduction, and CEO Bryan Knutson said that will carry into fiscal year 2026.

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Dealers Digest Impact of Location-Capping Rules of Kubota

June 17, 2024 | Posted in Analysis & Commentary, Ag Equipment Business

Ag Equipment Intelligence (AEI) broke the story, “Kubota Limits Number of Stores Owners Can Own Per State” in an “AEI Overheard” item in the May 15 edition of the AEI newsletter.

Press Release

Derek Neilson to Step Down as CNH Head of Agricultural Segment

May 30, 2024 | Posted in Ag Equipment People

CNH Industrial N.V. (NYSE:CNH) announces that it has accepted Derek Neilson's request to leave the Company later this year to pursue a new entrepreneurial project outside of the sector.

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AGCO Combine & Application Equipment Sales Down 30% in 1Q24

May 15, 2024 | Posted in Ag Equipment Business, Data & Trends, Earnings Reports

AGCO’s first quarter combine and application equipment sales brought in $254 million this year, a 30% year-over-year decrease.

News Release

Gerrit Marx Named CNH CEO

Marx returns to CNH from Iveco Group, succeeding Scott W. Wine who has decided to leave the Company having successfully overseen the delivery of the 2021 Business Plan

April 22, 2024 | Posted in Ag Equipment Business, Ag Equipment People

Marx returns to CNH from Iveco Group, succeeding Scott W. Wine who has decided to leave the Company having successfully overseen the delivery of the 2021 Business Plan.

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Claas Doubles Business in 5 Years, as Predicted

AGCO Pushes Dealer Purity, Cuts Production Amid Low Demand

Aftermarket Marks Bright Spot for Dealers in 2025 Forecast

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Dealers Expect Parts & Service Growth in 2025, Declines in Equipment Sales

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.

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