Understanding the current financial state of the farm equipment industry is crucial to establish benchmarks and comparisons for your dealership. Equipment Dealer Consulting LLC, the certified accounting firm affiliated with Western Equipment Dealers Assn. (WEDA), has released the 2020 Cost of Doing Business Study, a financial and business operations study providing you with straightforward guidelines for analyzing the profitability of equipment dealerships including all brands across the United States and Canada.

Trent Hummel and Curt Kleoppel, CPA, CVA, review and analyze the findings from this year’s report and what that could mean for your dealership in 2020. Trent and Curt evaluate and provide commentary on…

• Changes in equity and gross profit margin
• Changes of inventory as a percentage of assets
• How dealers are controlling their used inventory
• How to use this report for valuations, estate planning and mergers across North America
• What Impact may Covid-19 have on the next year study

The Cost of Doing Business Survey was sponsored by Iron Solutions and West Texas National Bank.

This FREE webinar was brought to you by Farm Equipment magazine and the Western Equipment Dealers Assn. (WEDA).

Email Kim Schmidt at Farm Equipment with any questions about the webinar.

About the Speakers

Trent Hummel is a lead management consultant and trainer for the Western Equipment Dealers Association’s Dealer Institute. He provides onsite dealership training and conducts courses to improve inventory management and business operations.

Hummel’s strategies about inventory turns, aging and margin have resulted in rejuvenating struggling wholegoods’ departments. His…