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.
Generac's recent acquisitions of firms in Germany, Italy and Mexico helped sales increase last quarter 16%. The facility improvements are expected to help Generac make prototypes and tests products faster.
Valley Truck & Tractor is in the middle of “big ag” country in California, where large operations grow corn, wheat and tomatoes. The dealership is also seeing growth in the small acreage segment.
Year-to-date unit sales of under 40 horsepower tractors were up 11% in the U.S. and almost 26% in Canada compared with last year, according to the Assn. of Equipment Manufacturers.
The software provides a fully integrated retail system for merchandising, inventory management, business intelligence reporting, customer loyalty and financial management as well as point-of-sale functionality.
AGCO announced temporary layoffs impacting a total of 200 employees, with about 100 combined positions being impacted for about 4 months and an additional 100 positions will be impacted for about 1 month.
“Large agricultural dealers tend to have higher value late model large used equipment without the diversity of the market enjoyed by small agricultural equipment dealers," says Kim Rominger, president and CEO of the Equipment Dealers Assn.
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