This week’s DataPoint is brought to you by the 2024 Dealership Minds Summit.
The percentage of dealers reporting declines in early orders of at least 1% reached 56% in 2024, according to the 2024 Farm Equipment Dealer Business Outlook & Trends report. This was the second year that this percentage increased, though it remains below levels seen for 2015 through 2018. It hit a 10-year low when 13% of dealers forecast early order declines for 2022.
Industry Outlook: How Does Your Dealership Stack Up?
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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.
