Dealer Sentiments Slide as COVID-19 Impact Sets In

Based on the results of their first quarter 2020 survey of North American ag equipment dealers, analysts from investment banker Stifel say dealers are expressing less optimism about their prospects to improve sales compared to the fourth quarter of 2019.

According to the April 8 Stifel report, dealers are demonstrating a sequential decline in sales, outlook and optimism on COVID-19 concerns. “Dealers expect sales growth over the next year to decline 1.3% year-over-year in the…

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