Titan's announcement this morning that it has acquired a Case IH dealership in Romania was covered in the September 2011 issue of Ag Equipment Intelligence.
“Titan’s growth this year will be over 50% from last year and we will have an opportunity to match that growth next year." - Maurice Taylor, CEO and chairman.
As a recent round of acquisitions illustrates, recovery in farm machinery markets has not come soon enough for some manufacturers although their financial difficulties have presented useful expansion opportunities for businesses with healthier balance sheets.
A report from Bloomberg last week that on plans by Deere & Co. to allocate combines in 2012 created somewhat of a stir in the ag equipment business last week. But according to at least one analyst, Deere had earlier talked about the allocation program on various occasions and it shouldn't be considered as "big news"?
Whether it's converting customers who traditionally buy equipment of other colors, or losing a customer who was previously loyal to John Deere green, it's a serious matter, according to Randy Amosson, CEO and general manager of Precision Equipment. In fact, the dealer calls it "Chasing the Rainbow."
Titan Machinery introduced a new concept to the used equipment market in 2006 with its Titan Outlet Store. The outlet handles 900-1,000 units of used equipment each year with at-cost pricing and no-trade ins philosophy. Its goal: Assist Titan's ag retail stores to manage used equipment inventory while holding the company's equity together.
For more than 45 years, Équipements G. Gagnon, a multi generational family-owned and operated equipment dealership in Canada, has steadily grown their business to become one of the leading tractor and farm equipment distributors in Québec.
North American sales of high-horsepow- er tractors were up in September, but combine unit sales declined, presenting a mixed sales picture for the month.
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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.