With calendar year 2015 winding down, many in the farm equipment business have written off the possibility for any significant pick up in sales for this year and are looking at the possibilities for 2016.
A mid-year look at how dealers' expectations for 2015 are shaping up indicate that, on average, those responding to the July “Dealer Sentiments & Business Conditions Update” survey are looking for a year-over-year falloff of 15%. A year ago, dealers were forecasting a 6% year-over-year decline for 2014.
Dealers report that average sales were down 8% year-over-year in March, which is a 4% improvement over the previous month’s average sales decline, according to the April 2015 “Dealer Sentiments & Business Conditions Update.”
In today's newscast we discuss the merger of the SouthWestern Assn. and Canada West Equipment Dealers Assn., the impact railcar delays are having on grain bagging system sales, dealer sentiments turn negative, Raven's first quarter results and farmland values for the first quarter.
Source: Dealers Sentiments & Business Conditions Update, Dec. 2013
While we've come to expect dealers to report used equipment levels as "too high," for the fourth consecutive month, dealers are now also reporting their new equipment inventories as "too high."?
Farm equipment dealers continue to see good sales levels going into the last quarter of the year, but more are expecting softer sales in the new year, according to results of the November “Dealer Sentiments & Business Conditions Update” survey.
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.
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