Cervus Equipment Corp. said its revenues rose by $26.8 million, or 11.5%, during the dealer group’s third quarter, ended September 30. Overall revenue for the period was $260.8 million vs. the same timeframe in 2012.
North American large ag equipment sales continued to decline in October, with 4WD tractor sales down 18.1% year-over-year and combine sales down 27.7%, according to the Assn. of Equipment Manufacturers.
Few will argue with the fact that the very generous depreciation rules for farm machinery introduced 2008 have played a role in the protracted run of strong sales years for ag equipment dealers and manufacturers.
Texas-based Alamo Group is keen to get on the acquisitions trail once more to help sustain growth and manufacturing cost-effectiveness, especially at its European division.
Farm machinery dealers are looking at another good year for overall sales, according to the Tractor and Machinery Assn.’s Richard Lewis in a November 3 report in The Land by Neil Lyon.
Following an exceptionally strong first half of its fiscal year, Kubota Corp. said it is increasing its revenue and profit forecast for the full year ending March 31, 2014.
The attraction of efficient emissions control technology and a global industrial complex is helping FPT (Fiat Powertrain) Industrial, the diesel engines division of the CNH Industrial group, win more customers and orders.
There’s little doubt that ag equipment rollover programs have played a significant role in the last decade increasing the sales volume of large farm machinery, particularly combines.
Further evidence of a change in engine policy at the Same Deutz-Fahr Group comes with the unveiling of a new in-house engine family comprising 2.9-5.8-liter 3-, 4- and 6-cylinder diesels.
While improving year-over-year revenues by 16.1%, Lindsay Corp.’s weak domestic sales of irrigation systems appears to setting the tone for continuing soft business levels going into its new fiscal year.
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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.