According to an Ag Equipment Intelligence report, lawn and garden equipment, 2WD mid-size tractors and 2WD compact tractors are best bets for improving unit sales in 2019.
“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.
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