At least a few farm equipment dealers who responded to Ag Equipment Intelligence's Dealer Sentiments Business Conditions survey in December indicated that their used machine situation was improving. But conditions are still generally difficult.
North American large ag equipment sales declines continued during November, with 4WD tractor sales down 37.6% year-over-year, combine sales down 22.7% and row-crop tractor sales down 38.2%, according to the latest numbers released by the Assn. of Equipment Manufacturers.
Leasing has been the hot topic in the ag equipment market in recent months. Dealers have expressed concerns about the potential impact on used equipment values down the road when this equipment comes off lease.
Deere & Co. managed to pull a rabbit out of a hat by posting $351 million in earnings for its fourth quarter of the current fiscal year and $2.177 billion for the full year, compared with $910 million and $4.297 billion in 2014.
Of the 12 product categories included in Ag Equipment Intelligence’s monthly Dealer Sentiments survey, only one has consistently shown positive results during the past 12 months when it comes to dealer sales — commercial and consumer equipment.
The latest round of quarterly earnings reports continue to indicate tough sledding for ag equipment companies with low expectations for the remainder of 2015.
The latest round of quarterly earnings reports continue to indicate tough sledding for ag equipment companies with low expectations for the remainder of 2015.
North American large ag equipment sales continued to decline in October, according to the latest numbers released by the Assn. of Equipment Manufacturers.
For its third quarter, Rocky Mountain Dealerships (RME) reported total revenues were up by 10.9% to $256 million from $230.8 million a year ago. While new equipment sales were off by 2% vs. the same period last year, used equipment sales were up by 23%. Inventory decreased by $51.3 million or 9.5% to $489.7 million.
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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.