The dealer network reported total sales of $134 million dollars in the first quarter of 2020, down $44 million compared to $178 million reported in the first quarter of 2019, a decline of 25%.
Robertson Implements has announced the recent acquisition of 4 dealership locations from Moody’s Equipment LP. With the recent transaction, Robertson Implements will now have dealerships operating in Kindersley, Perdue, Saskatoon and Unity, Sask.
A Czech manufacturer of cultivation and seeding implements is expanding its production facilities to increase capacity over the next 2 years by at least 30% from around 1,500 machines annually to meet growing demand in Europe and North America.
According to the Assn. of Equipment Manufacturers’ latest sales figures covering the first half of the year, only mid-size tractor sales during the first 6 months of 2019 showed a deficit compared to the first 6 months of 2018.
Ag Equipment Intelligence’s June 2019 Dealer Sentiments Report showed declining optimism in the Canadian market, including flat sales and rising new equipment prices. Dealers said that steel surcharges and volatile weather patterns were contributing factors of economic downturn.
More and more farm equipment in Canada is coming in for service or trade that’s had its software tuned or emissions systems removed by a third party with the intention of boosting performance. In this special Canadian Equipment Dealer report, we asked dealers to offer their perspective on this issue.
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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.