Results of the July 2014 "Dealer Sentiments & Business Conditions Update" survey showed that overall industry sales slipped by 4% year-over-year in June.
In the face of declining grain prices, uncertainty about depreciation rules, skepticism about a new farm bill, and a lot of talk about farm equipment sales peaking, North American farm equipment dealers continue to see good potential for solid sales in 2014.
With a 27% “bump” in unit sales in May vs. a year earlier, it appears that the prospects for compact tractors are improving significantly following 5 years of relatively flat sales.
North American farm equipment dealers are reporting that they’re seeing some reduction in price contribution to sales, and lead times from the factory, according to the most recent Dealer Sentiment & Business Conditions Update report.
Used equipment inventories, especially combines, continue to be somewhat concerning to dealers, according to the UBS survey, but overall they still see the situation as “manageable.”
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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.