Re: Fuel prices affecting tractor sales?
CUT sales will nationally continue to decline short term. They are linked closer to the residential sector vs. the agricultural sector. If you disagree, consider the skid steer market, which is in strong decline. Also tied closely to the residential sector.
There are obviously pockets that oppose the trend, but the truth is that when housing starts are at their lowest in over 20 years, peripheral sales channels also decline.
Also, don't mistake increased sales $$ as increased unit sales. Companies are swapping out market share, and implementing price adjustments, etc... which can appear as an upward swing, when their assembly lines are actually reducing daily build rates across the board.
IowaAndy
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