Dealers Looking for 2.6% Year-Over-Year Sales Growth in 2020

After a small uptick in sales in the third quarter of 2019, ag equipment dealers are expecting year-over-year sales to rise by 2.6%, according to a survey by investment banking firm Stifel. About 150 dealers responded to the survey, which was the first dealer survey conducted by the firm.

In a note to investors, Stifel analysts reported that, on a weighted average basis, dealer sales increased 1.1% year-over-year in the third quarter of 2019. However…

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