Of the 10 agricultural regions covered in Ag Equipment Intelligence’s 2016 Dealer Business Outlook & Trends report, dealers in only two are projecting a pick up in new equipment sales revenues.
Of the farm equipment dealers in the Southeast region of the U.S. who responded to this year’s survey, 33% expect an improvement in new equipment revenues in the year ahead. A little less than 17% of these dealers are forecasting a falloff in new equipment sales in 2016.
As a percentage, more dealers in the Pacific region (56%) of the country are expecting an improvement in new equipment revenues, but nearly one-third (31%) are anticipating that sales of new machinery will be lower in 2016 than they were in 2015.
Dealers in the Corn Belt and Northern Plains regions are expecting the biggest drops in new equipment revenues going into the new year. A little less than 2% of dealers responding to this year’s survey are forecasting an increase in revenues, while only about 4% in the Northern Plains are projecting an increase in sales for 2016.