We asked dealers: "When customers want to trade used equipment when making a new equipment purchase, will you take their used on a consignment basis? Why or why not?"
For the second quarter of fiscal 2015, Titan Machinery Inc. reports revenue was $451 million, compared to $488.2 million in the second quarter last year. Equipment sales were $320.1 million for the second quarter of fiscal 2015, compared to $358.4 million in the second quarter last year.
Titan Machinery followed through on its April 10 announcement that it would close and/or consolidate 8 of its stores and reduce its overall headcount to improve the performance of its construction equipment operations and counteract the slowdown in ag machinery sales. This allowed the company to report that it increased its overall revenues by 5.4% during the first quarter of fiscal year 2015.
In today's newscast we talk to Titan's president Peter Christianson about how the company's 2 dealerships in Ukraine are fairing among the turmoil, a look at how spring planting is progressing, quarterly reports from Art's Way and Titan Machinery and an update on the 2014 dealer outlook.
In an early look at its first quarter of fiscal 2014 earnings, Titan Machinery advised investors that it would fall short of its revenue estimates for the period. The company said the first-quarter miss was primarily a timing issue. The company will issue its full earnings report on June 6.
If you were to only look at the raw numbers, you might think that the pace of farm equipment dealership consolidation may have slowed its relentless pace during the past year. But nothing could be further from the fact.
Ambitious plans by Case IH managers in Europe to increase sales by 50% over the next three years are being supported in developing markets by one of North America's largest retail dealer groups.
In this episode of On the Record, brought to you by Associated Equipment Distributors, Marc Johnson, principal with Pinion, provides 4 factors that will be important for dealers to watch in 2025 that will impact their business.
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.
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 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.