Articles Tagged with ''AGCO''

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Ohio Machinery to Exit Ag Equipment Market by End of 2024

8-store AGCO and Claas dealer Ohio Ag Equipment informed customers on May 17 it is ending its distribution arrangement with AGCO. The letter to customers said the dealer and OEM mutually decided to part ways and the dealership is working "diligently with AGCO and Class of America to find alternative distribution and dealership options to continue to support" its customers.



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AGCO Combine & Application Equipment Sales Down 30% in 1Q24

AGCO reported net sales of $2.9 billion for its first quarter, a decrease of 12% year-over-year. This was down 12% from over $3.3 billion in AGCO first quarter of 2023. Net sales from North America specifically brought in $730 million for the first quarter of 2024, down 21% from last year. AGCO reported that softer industry sales and lower end market demand were partially offset by positive pricing. Its most significant sales declines were in hay  equipment, mid-range tractor and combines.
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