North American large ag unit retail sales were down 28.2% year-over-year in September vs. –15.7 in August, “with steep declines across categories,” Baird analyst Mircea (Mig) Dobre said in a note to investors.
It’s difficult finding anything positive coming out of the COVID-19 pandemic, but it appears the stay-at-home/work-from-home directives are pumping up the sales of small farm machinery.
Returning to the compact tractor market in North America last year helped Doosan Bobcat Inc., record a 5.4% increase in fourth quarter 2019 sales and contributed to a 7.2% rise in full year sales to $3.8 billion.
The foundation Elliff Motors has built is about to go even deeper with the addition of a new, $800,000 facility the family is building to sell and service a full line of Kubota tractors and construction equipment.
North American large ag equipment sales saw some positive movement in January, according to the latest numbers released by the Assn. of Equipment Manufacturers.
Mahindra & Mahindra, one of India’s leading farm equipment manufacturers, has completed a $25 million investment in Mitsubishi’s compact tractor and rice cultivation equipment operations in Japan.
Farm tractor makers, Kubota, Mahindra and TAFE, best known for their proficiency in producing tractors on the lower end of the horsepower range, are obviously not satisfied with their slice of the tractor and ag equipment market.
With a 27% “bump” in unit sales in May vs. a year earlier, it appears that the prospects for compact tractors are improving significantly following 5 years of relatively flat sales.
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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.