At its February 2022 Capital Markets Day, CNH Industrial shared its “optimized brand strategy,” which included its Case IH/New Holland revenue by region and brand in 2021.
Rocky Mountain Dealerships (TSX:RME) Canada's largest farm equipment dealer group, posted a 21.1% decrease in total sales during the third quarter of 2019 ending Sept. 30. Sales during the period declined by $49,307 to $184,067 from $233,374 during the same period in 2018.
According to RME, once seeding was completed, market sentiment turned sharply negative as a result of broad macro-economic and political uncertainty coupled with significantly reduced sales across all departments.
The Case IH dealership expansion in Rivne, Ukraine, is a collaboration between Case IH and Titan machinery and reinforces the Case IH position in the Ukrainian market.
Earlier this year, Ag Equipment Intelligence surveyed U.S. and Canadian farm equipment dealers on their major sources for equipment loans. Overall, 61% of dealers reported that customer loans for purchasing equipment came from their manufacturers. But the percentage varied widely depending on the brand of equipment.
Titan Machinery Inc., announced it has entered into a definitive purchase agreement to acquire all interests of two companies, AGRAM Landtechnikvertrieb GmbH and AGRAM Landtechnik Rollwitz GmbH.
At these locations, H&R Agri-Power will continue to offer Case IH, Rhino, Kuhn, Unverferth, McFarlane, Great Plains, Bush Hog, Brent, Hurricane Ditcher, Geringhoff and many other product lines.
During the last several years, a growing majority of dealers have either established a separate department for precision farming or designated a precision farming specialist as the primary salesperson for ag technology.
KanEquip, a Kansas-based New Holland and Case IH dealership, announced the closing of its Clay Center location. The closing will bring KanEquip's total stores down to 8.
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In this episode of On the Record, brought to you by Associated Equipment Distributors, Deere Director of Investor Relations Josh Beal told JP Morgan analysts that the OEM is confident it will be “producing to demand” in fiscal year 2025.