Based on the results of Ag Equipment Intelligence’s 2022 Big Dealer Report, dealer consolidation is continuing its rapid pace. The most recent results show both the total number of big dealers increasing along with the total number of ag stores owned by big dealers.
Ag Equipment Intelligence editors were on the ground at the 2023 National Farm Machinery Show in Louisville, Ky., and noticed that 2 manufacturers had brought in dealers to run their booths.
According to a Feb. 10 note from J.P.Morgan, Germany’s over 100 horsepower registrations were up 29% year-over-year in January and under 100 horsepower registrations were flat.
In their service revenue forecasts for 2023, half of dealers are forecasting growth of 2% or more, with 15.1% forecasting growth of 8% or more. Just 8.5% forecast a decline in service revenue over 2%.
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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.