While there are fewer “big” North American farm equipment dealer-principals or ownership groups at this point in 2018 than there were a year ago — 189 vs. 193 — this in no way signals a slowdown in dealer consolidation trends of the past decade.
Source: Deere & Co. Annual 10-K filed in December for FY ending October 2016
There’s little doubt that there fewer farm equipment dealers than there were a decade ago, but, in the case of John Deere dealer locations, the change isn’t as significant as you might think. The biggest reduction in Deere dealers has come in the retail locations handling the company’s turf equipment.
In this podcast, we examine Ag-Pro Companies latest acquisitions and changes to the “Big Dealer” list, how off-lease equipment are impacting the used equipment market, electric-based systems for ag equipment, and the latest earnings reports from AGCO, CNH Industrial and Art’s Way.
In today’s newscast, we examine Ag-Pro Companies latest acquisitions and changes to the “Big Dealer” list, how off-lease equipment are impacting the used equipment market, electric-based systems for ag equipment, and the latest earnings reports from AGCO, CNH Industrial and Art’s Way.
During the 8 years that Ag Equipment Intelligence has formally tracked farm equipment dealer consolidations in the U.S. and Canada, the number of big dealers — those operating 5 or more retail locations concentrating on the sales of farm machinery — have increased by 26.5%.
According the 2015 edition of the "Big Dealer Report" compiled by Ag Equipment Intelligence and Currie Management Consultants, the total number of dealer groups that own 5 or more stores increased to 188, up from 181 in the previous year.
If you were to only look at the raw numbers, you might think that the pace of farm equipment dealership consolidation may have slowed its relentless pace during the past year. But nothing could be further from the fact.
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In this episode of On the Record, brought to you by Benzi America, we take a look at results of the 2024 Brand Loyalty study. In the Technology Corner, we examine how USDA’s use of ag data raises privacy concerns.