Cost of doing business study

On the Record

Deere Predicts Fully Autonomous Corn & Soybean Cropping Systems by 2030

December 16, 2022 | Posted in Data & Forecasts

In this episode of On the Record we review John Deere’s plan for autonomy. In the Technology Corner Now Newman discuss new developments with Sabanto’s autonomy system . Also in this episode, the capital investment index from Purdue University’s Ag Economy Barometer drops again and highlights from the 2022 Cost of Doing Business Study.

Webinar Replay

An In-Depth Review of the 2021 Cost of Doing Business Study [Webinar]

October 6, 2021 | Posted in Best Practices, Data & Forecasts, Operations & Finance

Equipment Dealer Consulting LLC, the certified accounting firm affiliated with Western Equipment Dealers Assn. (WEDA), has released the 2021 Cost of Doing Business Study, a financial and business operations study providing you with straightforward guidelines for analyzing the profitability of equipment dealerships including all brands across the United States and Canada. Gord Thompson and Curt Kleoppel, CPA, CVA, review and analyze the findings from this year’s report and what that could mean for your dealership in 2022. [To view any of our webinar replays, you must be logged in with a free user account.]

Cost of Doing Business

Dealer Financials Holding Steady

Dealers responding to the latest Cost of Doing Business survey reported improvements in their aftermarket business, but struggled to improve their profits and revenues.

By Ben Thorpe posted on January 25, 2021 | Posted in Data & Forecasts, Operations & Finance

According to the results of the 2020 Cost of Doing Business study from the Western Equipment Dealers Assn., dealers are doing well according to several key financial metrics, including increased aftermarket gross margins and increased revenue per employee.

16th Annual Awards Program Recognizes Industry’s Top Dealer

AgriVision Equipment earned the industry’s top honors as Farm Equipment’s 2020 Dealership of the Year.

By Farm Equipment Staff Report posted on July 10, 2020 | Posted in Best Practices

After comparing all of the nominees, the judges made their decision and the 2020 Farm Equipment Dealerships of the Year is AgriVision Equipment, a 17-store John Deere dealership based in Pacific Junction, Iowa.

To the Point

It’s in Your Best Interest

By Dave Kanicki posted on March 17, 2018 | Posted in Operations & Finance

It was 5 years ago when I visited with Mike Boehlje, the distinguished professor in the Dept. of Agricultural Economics at Purdue University. At that time, signs were appearing that indicated the industry was in for a slowdown following 4-5 really great years of equipment sales. The special report that ensued was called “Dealing with Ag’s Boom–Bust Cycles.” Boehlje discussed a couple factors that directly impacted equipment dealers.

To the Point

It’s in Your Best Interest

By Dave Kanicki posted on March 17, 2018 | Posted in Operations & Finance

It was 5 years ago when I visited with Mike Boehlje, the distinguished professor in the Dept. of Agricultural Economics at Purdue University. At that time, signs were appearing that indicated the industry was in for a slowdown following 4-5 really great years of equipment sales. The special report that ensued was called “Dealing with Ag’s Boom–Bust Cycles.” Boehlje discussed a couple factors that directly impacted equipment dealers.

Ag Equipment Intelligence

How North American Ag Equipment Dealers Compare with European Counterparts

By Dave Kanicki posted on January 12, 2018 | Posted in Data & Forecasts

When it comes to farm equipment revenue mix, European dealers rely far more on new equipment sales and less on used equipment sales than do dealers in the U.S. and Canada. Beyond this, the sales mix for dealers in both regions is fairly similar.

Special Report

Are Dealers’ Parts Operations Improving?

Three years ago farm equipment dealers said they would make a major push to improve the performance of their parts business and bolster their bottom lines. So, how far have they come?

By Dave Kanicki posted on June 10, 2017 | Posted in Best Practices, Data & Forecasts, Department Management

While visiting a Case IH dealer several years ago a farmer walked into the dealership. As he joined in on our conversation it was clear he was a loyal John Deere customer, but he was also a good friend of the owner of the Case IH dealership. He said, “I just came from my dealer down the road and you know what? They don’t have a quart of green paint in that store. They told me they could have it for me by tomorrow. Can you believe that?”

Digging into the 2016 Cost of Doing Business Study [Webinar]

By Kim Schmidt posted on November 10, 2016 | Posted in Operations & Finance

The Cost of Doing Business study is one of the industry's most valued publications and is currently prepared and published by the Western Equipment Dealers Assn.. The annual study is broken down by dealer type (agricultural, industrial, and outdoor power) and encompasses 14 important financial and operating ratios of North America's equipment dealers. Learn more about this important tool and hear industry experts provide insight about trends impacting equipment dealers across North America. This FREE webinar is brought to you by the WEDA Dealer Institute. [To view any of our webinar replays, you must be logged in with a free user account.]