www.farm-equipment.com/articles/22334-over-half-of-dealers-plan-to-stick-with-inventory-reductions-in-2024
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Over Half of Dealers Plan to Stick with Inventory Reductions in 2024
April 4, 2024
According to a March 21 Wall Street Journal article, the Federal Reserve officials reaffirmed projections to cut interest rates 3 times during 2024. An April 2 Farm Equipment Insiders poll revealed that over half of dealers (55.9%) plan to continue with their current inventory reductions. 41.2% say they will order as needed to fill inventory holes, and just 2.9% of dealers plan to increase inventory across all categories.
Text "Farm" to 833-413-2175 to become a Farm Equipment Insider and receive the next text poll question.