Off-road vehicles and snowmobile segment sales, including PG&A (parts, garments and accessories), were up 6% over the second quarter of 2018 driven by increased average selling prices, particularly in side-by-sides and growth in PG&A.
“Our outlook for fiscal 2019 remains intact despite a slower start to the year than we had anticipated,” stated Todd J. Teske, chairman, president and chief executive officer.
Professional segment net sales for the third quarter were up 3.0% from last year. Residential segment net sales for the third quarter were up 9.5% from last year.
Continued high growth in commercial turf and lawn care, commercial job site, commercial engines and generators was offset by year-over-year softness in residential lawn and garden sales.
Trucking expenses have been climbing in recent months in the U.S. amid a shortage of big-rig drivers, and fuel is becoming more expensive. Also hitting Deere is the recent increase in prices for steel and aluminum.
The third quarter sales increase of 4.5% was driven by increased demand for professional segment products. Residential segment net sales for the third quarter were down 9.3%.
Sales are also up 5% for 9 months, with the quarterly and yearly increases primarily due to higher shipment volumes and price realization, partially offset by higher warranty costs.
Net sales for the second quarter 2017 increased 8.9% to $2.02 billion from $1.85 billion in the second quarter of 2016. The company opened 14 new Tractor Supply stores in the second quarter.
Applauding the dealer network support and highlighting its broad product line, Kioti’s VP of Sales Ops Tim Phillips addresses key components behind the company’s success.
With a history dating back to the 1950s, the WIKOMI Company in 1980 was re-incorporated as Worksaver. Worksaver continues today on a path of growth and innovation in manufacturing agricultural, industrial, and construction attachments for a variety of applications. Worksaver products are used by farmers, ranchers, large property owners, contractors and more.
TractorHouse.com is your go-to resource for buying and selling new and used farm equipment, attachments, implements, parts, and precision ag components. Buyers can find all types of tractors, harvesters, and chemical applicators listed for sale on the site, in addition to harvest, hay and forage, livestock, planting, and tillage equipment. TractorHouse.com features quality used ag equipment from Case IH, CLAAS, John Deere, Massey Ferguson, and New Holland, among hundreds of other manufacturers.
NATDA seeks to provide the necessary management tools, techniques, and practices so every dealership cannot just grow, but maintain a strong business plan year after year. Most importantly, we are the only trailer-industry association committed to helping and protecting trailer dealerships – period.