The Equipment Leasing & Finance Foundation (the Foundation) has released the May 2020 Monthly Confidence Index for the Equipment Finance Industry (MCI-EFI). Overall, confidence in the equipment finance market improved with an index of 25.8, up from the historic low in April of 22.3.

With mounting fears brought on by the coronavirus, some expected sales of farm machinery would take a hit in April. While North American dealer unit sales fell for large ag equipment in April, declines moderated from March. 

The latest episode of On the Record is no available! In this week’s episode, we compare what Machinery Pete is seeing in auction prices to what dealers report used equipment retail values to be. Also in this episode, dealers share what changes they anticipate in day-to-day business once we are passed COVID-19 and CNH Industrial and AGCO report their first quarter results. In the Technology Corner Jack Zemlicka talks with Tim Norris about how Raven has adjusted its strategy to showcase its AutoCart and DOT platforms to dealers.