Auction pricing trends for used equipment continued to face pressure in July given tough comps due to an overall tight equipment market last year related to supply chain challenges.
Used tractor inventory levels in Sandhills Global marketplaces rose again in February, continuing a long-term inventory rebound that began in Q2 2022 as various pandemic-related farm equipment production and supply chain constraints began to ease.
During John Deere’s most recent earnings call for its second quarter 2021, participating Deere executives were asked to give their thoughts on the current ag equipment market cycle.
North American farm equipment dealers continue reporting that their new equipment inventories are "too low" and the used equipment portfolios remain "too high", according to the most recent dealer survey by Ag Equipment Intelligence and Cleveland Research Co.
Each monthly issue of Ag Equipment Intelligence is like getting one-on-one personal advice from the world's most trusted ag equipment industry experts. Advice that hasn't been watered down or distorted by outside influence, providing the latest and most insightful farm equipment analysis. AEI explores where the ag equipment industry is going — not just where it's been. No filler. No bias. No conflict of interest. You can access the PDF issue archive by clicking here.
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.