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What Should Influence Your Used Valuations?

By Ben Thorpe posted on October 9, 2020 | Posted in Used Equipment Remarketing
As part of his recent presentation at the 2020 Virtual Dealership Minds Summit, Trent Hummel, consultant and trainer with the Western Equipment Dealers Assn.’s (WEDA) Dealer Institute, showcased a series of studies conducted with Farm Equipment in which surveyed dealers were asked what influences their valuations of used equipment.
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Optimizing Your Used Combine Business Through Data-Tracking

Trent Hummel breaks down how dealers can use hard data to get a handle on their used markets and make smart decisions with their used combine inventories.
By Ben Thorpe posted on October 9, 2020 | Posted in Used Equipment Remarketing
Interest in used equipment is on the rise, but not particularly in used combines. According to results from Ag Equipment Intelligence’s August 2020 Dealer Sentiments report, a net 6% of dealers reported their used inventory “too low” in July, the first time it’s been “too low” since June 2012.
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Process & Consistency Keep Used Equipment Business Moving

Jim Wood, chief sales and operations officer, explains how Rocky Mountain’s dedication to its processes and documentation have helped control the 36-store dealership’s used equipment inventory.
By Kim Schmidt posted on October 8, 2020 | Posted in Best Practices, Used Equipment Remarketing
Through the second quarter of 2020, Rocky Mountain Equipment (RME), Canada’s largest Case IH dealership group, has reduced its used equipment inventory by C$40 million since the fourth quarter of 2019.
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Keys to Keeping Used Equipment Inventory Clean and Moving

For Burnips Equipment, a necessary realization put them on the path to streamlining used machinery management and cutting inventory levels in half, while more than tripling turn rates.
By Jack Zemlicka posted on October 8, 2020 | Posted in Used Equipment Remarketing
Subtlety can be overrated when it comes to managing used farm equipment inventory. Sometimes, bluntness is necessary to force dealerships into a defining decision that cuts used equipment levels in half and increases annual equipment turns by 1.5 in less than 3 years.
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Used Equipment Remarketing Roadmaps

[Podcast] Sitting Down with Mark Stock of BigIron Auctions

In this week’s episode we take a break from our regular content to visit with one of 2020 Virtual Dealership Minds Summit Sponsors, Big Iron.
October 1, 2020 | Posted in Used Equipment Remarketing
In this week’s episode we take a break from our regular content to visit with one of 2020 Virtual Dealership Minds Summit Sponsors, Big Iron. Julia Gerlach caught up with Mark Stock, cofounder of the auction company. During their conversation, Mark shares some background on Big Iron and how they’ve seen the auction market change.
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Used Equipment Remarketing Roadmaps

[Podcast] Dry 2020 a Precursor to La Nina Impacts in 2021 and 2022

In this episode host Casey Seymour of 21st Century Equipment and Moving Iron LLC sat down with Shawn Hackett, a financial advisor with Hackett Financial to talk about current weather patterns we’re seeing and how that may impact what we see for yields come this fall.
August 26, 2020 | Posted in Used Equipment Remarketing
In this episode host Casey Seymour of 21st Century Equipment and Moving Iron LLC sat down with Shawn Hackett, a financial advisor with Hackett Financial to talk about current weather patterns we’re seeing and how that may impact what we see for yields come this fall.
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