• According to EquipmentWatch’s 2022 Highest Retained Value Awards, John Deere had the highest 5-year residual value in tracked tractors at 67.3% among manufacturers, above the 57.9% category average.
• Northeast China could soon become a hotbed for international industrial investment, according to an Oct. 23 report from New China News Agency.
• Yanmar Turkey announced Oct. 12 the inauguration of its Tractor Production Plant in Izmir, Turkey.
• The Nigerian government said John Deere intends to open a tractor assembly plant in the country, according to an Oct. 31 report from Nairametrics.
• In a Nov. 4 report from The Wall Street Journal on retrofit kits for autonomy, AGCO stated 7% of farmers globally replace their equipment every year, leaving 93% using older models as potential customers for upgrades.
• According to CEMA, an industry trade association, the general business climate index for the European ag equipment industry has again fallen month-over-month.
• Manitou Group has announced an agreement to acquire 75% of COME S.R.L, a company specializing in the production of mechanically welded parts, and 75% of Metal Work S.R.L, a company specializing in laser cutting. 

This standing feature in the Ag Equipment Intelligence newsletter will catalogue notable dealership merger & acquisition activity since the previous newsletter.