Items Tagged with 'analysis'

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July 2022 Tractor Sales Analysis

Retail Sales of Compact Tractors Remain Weak

Inflation in the U.S. general economy is now above 9% and that has caused many consumers to curtail much of their discretionary spending as they purchase the essentials for daily living.100+ horsepower tractors retail sales exceeded our monthly forecast but were only 3.5% above our year to date forecast.
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Consumers Ready to Spend as Goods Wear Out

Our grandparents tell stories about being frugal and making things last, but guess what? Recent data from the Bureau of Economic Analysis shows that we are holding on to "durable goods"? longer than consumers did 50 years ago. However, economic indicators show consumers are now ready to replace those worn-out items.
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