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.
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.
Industry sales for agricultural equipment in the U.S. and Canada are forecast to be down 5-10% for 2017. Industry sales of turf and utility equipment in the U.S. and Canada are expected to be about flat for 2017, with Deere sales outpacing the industry.
Mahindra Ag North America introduces the 5100 series tractors, 5145 and 5155, engineered to be easy to operate by first-time tractor owners yet heavy duty to tackle the tough jobs of rural living, farms and ranches. The 5100 series tractors come with a 5-year, 3000-hour limited powertrain warranty covering parts and labor for the duration of the warranty period.
Yanmar was founded in 1912 and developed the world's first commercially viable small diesel engine in 1933. The diesel engine has continued as our core business ever since, our key tool in the rationalization and modernization of agriculture, fishing and industry.
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.