In this episode of On the Record, brought to you by Associated Equipment Distributors, Deere Director of Investor Relations Josh Beal told JP Morgan analysts that the OEM is confident it will be “producing to demand” in fiscal year 2025.
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.
U.S. sales of ag tractors decreased 14.2% in October 2024 compared to the year prior, according to new data from the Assn. of Equipment Manufacturers (AEM). Sales of combines also fell during the month, dropping 34.6% compared to 2023.
Linamar Corp., which owns the MacDon, Salford and Bourgault brands of ag equipment, reported on Nov. 12 that its 3Q sales were up 8.3% to $2.64 billion.
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.
On Nov. 7, the Federal Reserve cut its key interest rate by a quarter point in response to the steady decline in inflation. This cut followed a half point reduction in September.
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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.