“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.
Net sales for the third quarter 2018 increased 9.3% to $1.88 billion from $1.72 billion in the third quarter of 2017. Comparable store sales increased 5.1%, as compared to an increase of 6.6% in the prior year’s third quarter.
U.S. sales of under 40 horsepower tractors were up 2% compared with September of last year. Year-to-date U.S. sales of 40-100 horsepower tractors were up 1.5% year-to-date and down 7% compared with September of last year.
The report from Black Ink Technologies features findings from its recent study on the challenges and opportunities concerning the durable goods manufacturing industry that sell through independent, authorized retailers.
Just as you plan to protect your dealership from unpredictable events like storms and fires, you need to prepare for what might happen to your business should the economy stall. In fact, current indicators for our industry are concerning.
Demand for power lawn and garden equipment among residential users is forecast to rise 2.9% annually to $7.9 billion in 2022, slightly slower than growth among commercial users.
Experts explain how artificial intelligence, blockchain and smart contracts can
benefit equipment financing — and encourage dealers to learn about the technologies and
seek out financing partners who are doing the same.
Artificial intelligence, blockchain and smart contracts are three kinds of technology
improving processes and outcomes in other industries, but which are not yet available for
equipment financing. Two experts say it’s time that equipment dealers demand this tech of
their financing partners.
Yanmar America is the North American headquarters of Yanmar Holdings. Ranked #1 in Product
Quality for five years in a row by the Equipment Dealers Association, Yanmar provides innovative
solutions for Rural Lifestyle and Industrial Equipment customers.
Yanmar was the world’s first manufacturer to develop a practical small diesel engine in 1933 and
has continued to push the boundaries of innovation and technology ever since. As a manufacturer of
diesel engines, compact tractors and utility task vehicles, construction machinery, and industrial
equipment, Yanmar's products are sold in over 130 countries.
At Yanmar America, we are committed to providing our customers with the highest quality products
and services, backed by a strong team of professionals who share our dedication to excellence. We
look forward to the opportunity to work with you in achieving your goals.
Virginia Beach-based STIHL Inc., produces a full line of high-quality, handheld outdoor power equipment including blowers, trimmers, brushcutters, and multi-task tools, as well as the number one selling brand of chainsaws worldwide. STIHL Inc. manufactures over 260 model variations of handheld outdoor power equipment for sale in the U.S. and around the world.