A year ago in the 2024 Dealer Business Outlook & Trends Report, dealers indicated 2024 would be the toughest year for business since the COVID-19 pandemic.
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.
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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.