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2020 Wholegoods Wrap Up [Webinar]
As this unprecedented year comes to a close, some dealerships experienced strong sales with lower horsepower units including outdoor power equipment. With a shortage of new ag production inventory, many took the opportunity to reduce their used equipment.
In this webinar, Dealer Institute Instructor, Trent Hummel discusses these important 2020 wholegoods stats:
- Measuring 2020 unit retails to prior years
- By product, the most active retail months
- Tracking used product value fluctuation
- Used Combines available by brand, by model year
- How much does a dealership pay to sell wholegoods
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 Speaker
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 commitment to operational excellence in the management of wholegoods has earned him a reputation as one of the industry’s foremost experts on sales growth and inventory control.
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Farm Equipment Videos
AGCO Aims for $2 Billion in Precision Ag Business by 2029
In this episode of On the Record, brought to you by Associated Equipment Distributors, we look at AGCO’s plans for its precision business and its 2029 targets. In the Technology Corner, Noah Newman talks with Eis Implement’s precision team. Also in this episode, the interest savings dealers could see with the latest rate cut by the Fed and a look at the used 100+ horsepower tractor market.
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Yetter Farm Equipment
Built on 90 years of expertise, Yetter Farm Equipment leads the agriculture industry in designing effective and innovative equipment for residue management, seedbed preparation, precision fertilizer placement, harvest attachments, strip-tillage, and more.
Machinery Scope
At Machinery Scope, we believe you deserve the best risk management solutions for your investments in heavy equipment. Since 2013, we have been proud to offer extended warranty, appraisals, and inspections. Machinery Scope is a family-owned business built on our experience in farming and equipment dealerships. We understand your business and provide a personalized and professional level of customer service. Machinery Scope has built a strong warranty product with our customers in mind, offering the same professional level of service from the time you get a quote, through the processing of a claim.
Finance Scope
Finance Scope is able to provide the best financing opportunities for equipment dealers and customers through a diverse mix of lending companies under one single platform. Our large group of lenders, allows for competitive rates regardless of credit scores. Additionally, dealers and customers have access to the industry’s best expertise surrounding finance and lease structures, for all purposes, within the agricultural and construction industries. We provide all of this into one online platform to provide our customers with the best available tailored finance solution for their equipment.