In this week’s podcast, we discuss the continued challenges hitting Canadian dealers. We also take a look at how dealers have responded to the COVID-19 pandemic and how its impacting the commodities market. Also in this episode: How Bobcat’s return to tractors boosted its bottom line and digital strategies for dealers.
As part of BayWa Ag's internationalization strategy with Claas, the pair will cooperate in Canada with a focus on growing Claas' products in Alberta and enhancing the dealer presence in the region.
"2015 was a year of significant growth for Cervus. We started the year with 19 more dealerships than at the beginning of 2014, which generated an additional $245 million in revenue," said Graham Drake, president and CEO of Cervus, in the company's earnings report.
In its earnings report, Rocky Mountain Dealerships says its was able to deliver strong gains in 2015 due to bolstered demand for used equipment and product support in the company's agriculture segment.
Canada’s two publicly traded dealerships, Cervus Equipment and Rocky Mountain Dealerships, posted strong earnings reports earlier this month, especially considering the sluggish sales many farm equipment dealers have experienced during the past year.
In 2011, the Big Dealer Report showed 22 Canadian dealers with 5 or more locations. These 22 dealer groups accounted for a total of 206 farm equipment dealerships in Canada with 234 total locations.
In this episode of On the Record, brought to you by Associated Equipment Distributors, we take a look at Titan International’s 2024 results, and the tire manufacturers outlook for this year.
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.