Titan International reported its third quarter net sales for the ag segment were down 17.6% to $175.4 million. The drop was primarily attributed to a significant reduction in global demand for agricultural equipment, particularly in North America and Europe.
Five years ago this week, during Agritechnica 2019 in Hanover, Germany, Claas Senior Vice President-Americas, Eric Raby, talked at length with Ag Equipment Intelligence.
A year ago in the 2024 Dealer Business Outlook & Trends Report, dealers indicated 2024 would be the toughest year for business since the COVID-19 pandemic.
North American large ag unit retail sales were down 28.2% year-over-year in September vs. –15.7 in August, “with steep declines across categories,” Baird analyst Mircea (Mig) Dobre said in a note to investors.
Art's Way Manufacturing Co., a diversified manufacturer and distributor of equipment serving agricultural and research needs, announces its financial results for the third quarter of fiscal 2024 and nine months ended August 31, 2024.
Used equipment inventories remain elevated. And while they are not as high as they were in 2023 and early 2024, Andy Campbell said it’s still too much pressure for this market to take.
U.S. mid-year equipment sales were down for compact and utility tractors, row-crop tractors and combines but up for 4WD tractors, according to data from the Assn. of Equipment Manufacturers (AEM).
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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.