Ag equipment dealers reported year-over-year sales growth slowed to 6% on average in November, down from 9% in October. Deere dealers accounted for the majority of the slowdown as growth returned to prior months' trends at 5% in November from 10% in October.
Claas, one of Europe's largest manufacturers of farm machinery, is reporting that its sales increased by 33.5% in the fiscal year ending September 30, 2011 and posted its highest sales in its history
According to the November 2011 Ag Equipment Intelligence Dealer Trends & Business Outlook report, farm equipment manufacturers were not as aggressive with their incentives to increase sales in October as they were in November.
In addition to reporting a record $2.8 billion income for the year, last Wednesday, Deere & Co. reported that its fourth-quarter income rose 46% on a 20% increase in sales and revenues.
Raven Industries Inc. today announced third quarter results for the three months ended October 31, 2011. Higher sales were led by strong demand for the company's precision agriculture solutions. Third quarter net income declined from prior year levels.
AGCO Corp.'s AGCO third-quarter profit rose 35% as the agricultural-equipment maker saw regional sales grow, especially in Europe, the Middle East and Africa.
The rapid rise and fall of compact tractor sales in North America during the past decade mirrors the surging and slowing of the rural lifestyle phenomena in the U.S. But according to the Mahindra USA executives interviewed by Ag Equipment Intelligence, the declining sales of small tractors appear to have finally plateaued. Slow growth during the next year or two is the likely scenario.
Last month we emphasized that the pace of change in technology and business processes requires continuous upgrading of employee skills to remain competitive. This month, we expand on the topic of training and focus on how best to drive the effectiveness of your training process to maximize return on your investment (ROI).
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.