The latest report from Brazil’s National Assn. of Automotive Vehicle Manufacturers (Anfavea) indicates that tractor sales in June were up by 25.5% year-over-year.
Off-highway drivelines specialist Carraro Group is “reaping the fruits of a long and complex repositioning and restructuring process,” according to its board chairman as he reported a significant improvement in margins and profitability for the 2017 financial year.
Sectors of Brazil’s machinery manufacturing base, including ag equipment makers, are anticipating collective vacations due to a truckers’ strike that lasted more than 2 weeks at the end of May.
Claas of America and MirTech Harvest Center continue to expand their partnership to deliver excellence in customer service and technical support in the Delta with the success of their newest dealership in Stuttgart, Ark.
SEMA Equipment, an 8-store John Deere dealership in southeast Minnesota will be consolidating 3 of its locations, reports KTTC. The Austin, Leroy and Spring Valley stores will be consolidated into a new location in Grand Meadow.
Growing concern among farmers over international trade conflicts has made them more cautious in making large investments, such as buildings and farm machinery, according to the Ag Economy Barometer survey from Purdue University and CME Group.
North American large ag equipment unit sales were mixed in April, with overall unit sales up 2% year-over-year. Both U.S. and Canada had growth in combine sales (U.S. +59%), but that was partially offset by declines in 4WD tractors (Canada –28%) and row-crop tractors, according to the latest numbers released by the Assn. of Equipment Manufacturers.
Nearly two-thirds of farm equipment dealers surveyed in earlier this year expect higher interest rates on retail equipment will cause their farm customers to think twice before deciding to buy new equipment in 2018.
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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.