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Sales Spike Sets Tone for AGCO’s 1Q18

May 1, 2018 | Posted in Data & Trends, Earnings Reports, Mergers & Acquisitions

For the first quarter of 2018, AGCO raked in $2 billion in net sales, a 23.3% increase compared to the same 3 month period the year prior. And with the stage set, the company expects sales to reach around $9.3 billion by the year’s end.

Large Ag Equipment Sales Grow 2%

May 1, 2018 | Posted in Data & Trends, Equipment & Equipment Sales, Mergers & Acquisitions

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.

Increased Used Equipment Pricing Support Higher New Prices for CNHI

May 1, 2018 | Posted in Data & Trends, Mergers & Acquisitions

CNH Industrial, parent company of Case IH and New Holland Agriculture, reported a 15% net sales increase of agricultural equipment in the first quarter of 2018 compared with the first quarter of last year.

Weather Creates Slow Start for Cervus’ Ag Segment

May 1, 2018 | Posted in Data & Trends

Cervus Equipment Corp., one of John Deere’s largest equipment dealers, reported improved financial results in the first quarter of the year compared to the same time period in 2017.

Interest Rates on Ag Loans Rise as Farm Income Continues to Slide

May 1, 2018 | Posted in Data & Trends

Results of Kansas City Federal Bank’s most recent survey of farm lenders shows that interest rates on farm loans have continued to inch higher. At the same time, the first quarter 2018 Agricultural Finance Monitor published by the St. Louis Fed indicates that farm income slipped for the 17th consecutive quarter.

Large Ag Sales ‘Flattish’ in March

April 1, 2018 | Posted in Data & Trends

North American large ag equipment sales were relatively flat year-over-year in March. Row-crop tractor sales saw growth in both the U.S. and Canada, while 4WD and combine sales saw declines, according to the latest numbers released by the Assn. of Equipment Manufacturers.

India’s Sonalika Reports Sales of 100,000 Tractors in FY18

April 1, 2018 | Posted in Data & Trends, Equipment & Equipment Sales, Mergers & Acquisitions

Sonalika International Tractors Limited (ITL), one of India’s leading tractor manufacturers, recorded an increase of 22% in tractors sales to 100,000 units in fiscal year 2018. This compares to 81,531 units registered in the previous year, which was an increase of 19.6%.

Sources of Ag Equipment Loans

April 1, 2018 | Posted in Data & Trends, Mergers & Acquisitions

Earlier this year, Ag Equipment Intelligence surveyed U.S. and Canadian farm equipment dealers on their major sources for equipment loans.

Titan Machinery’s 4Q18 Sees Top and Bottom Line Growth

April 1, 2018 | Posted in Data & Trends, Equipment & Equipment Sales, Mergers & Acquisitions

Titan Machinery, one of North America’s largest equipment dealership groups, posted its first strong earnings report since sales of farm machinery turned down in 2014. Fourth quarter revenue topped $339 million, up 7% year-over-year.

Ranks of Biggest Ag Equipment Dealerships Continue to Swell

April 1, 2018 | Posted in Data & Trends, Mergers & Acquisitions

While there are fewer “big” North American farm equipment dealer-principals or ownership groups at this point in 2018 than there were a year ago — 189 vs. 193 — this in no way signals a slowdown in dealer consolidation trends of the past decade.

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Data & Trends
RSS

Sales Spike Sets Tone for AGCO’s 1Q18

Large Ag Equipment Sales Grow 2%

Increased Used Equipment Pricing Support Higher New Prices for CNHI

Weather Creates Slow Start for Cervus’ Ag Segment

Interest Rates on Ag Loans Rise as Farm Income Continues to Slide

Large Ag Sales ‘Flattish’ in March

India’s Sonalika Reports Sales of 100,000 Tractors in FY18

Sources of Ag Equipment Loans

Titan Machinery’s 4Q18 Sees Top and Bottom Line Growth

Ranks of Biggest Ag Equipment Dealerships Continue to Swell

Get all things Ag Equipment Intelligence all the time!

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Claas Doubles Business in 5 Years, as Predicted

AGCO Pushes Dealer Purity, Cuts Production Amid Low Demand

Aftermarket Marks Bright Spot for Dealers in 2025 Forecast

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Dealers Expect Parts & Service Growth in 2025, Declines in Equipment Sales

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