Hay and tillage equipment manufacturer Poettinger continued to invest in manufacturing, parts distribution and administration resources during its 2016-17 financial year as sales recovered to exceed the prior year’s performance.
Diesel engine maker Deutz is stepping up efforts to win business from agricultural vehicle OEMs as part of a strategy to even out demand at its factories.
Of the 12 product categories included in Ag Equipment Intelligence’s monthly Dealer Sentiments survey, only one has consistently shown positive results during the past 12 months when it comes to dealer sales — commercial and consumer equipment.
Deere & Co. caused a bit of a stir when it used the term “trough” to describe its forecasted sales volumes for 2015. During its analysts’ breakfast last week, Deere management said that it did itself a disservice by not explaining the context of the term “trough.”
A little over 3 years ago in February 2011, Deere & Co. Chairman and Chief Executive Samuel Allen said he wanted to deliver three times as much profit at normal operating volumes and to double the company’s annual sales to $50 billion by 2018 as part of his John Deere Strategy.
Maybe it’s all the talk about the “fiscal cliff” or a general uncertainty in the overall economy that’s causing equipment dealers serving the rural lifestyle and lawn and landscape markets to hold back on their projections for 2013. On the other hand, very few dealers are exhibiting any real signs of pessimism about business levels in 2013, either.
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In this episode of On the Record, brought to you by Associated Equipment Distributors, we take an initial look at the Dealer Business Outlook & Trends Report and what dealers are forecasting for 2025.