Rocky Mountain Dealerships (RME) and Cervus Equipment (CERV), two of Canada’s largest farm equipment dealership groups, issued first quarter earnings reports in the past week showing improved sales levels. Both dealer groups made prominent mention of continuing margin pressures throughout the period.
Rocky Mountain. On May 9, Rocky Mountain, Case IH’s largest dealer group in Canada, reported first quarter sales of $209.9 million, up 10.8% vs. last year. Gross profit declined by 5.3% to $26.8…
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