Not really Kubota is putting there prices up again.
2008 CUT sales off 15%
- Thread starter HayDR
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Not really Kubota is putting there prices up again.
mattman
Gold Member
Look what happened to the auto industry. Tractor sales being down long enough may put pressure on the manufacturers to have some sort of discounts on the models that are not selling as well as the were a couple years ago.
sixdogs
Super Star Member
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The real number is here is December at -26%. And inventories look high meaning there is a lot of unsold supply rusting outside and financed on floorplan. If sales don't pick up ASAP this stuff has got to go and bankers want those loans repaid. Unless we recover fast, some dealers might not make it.
I'll bet sales were OK until maybe September and then tanked after that. Year over year numbers might not reflect the true nature of the sales slowdown.
Great time to buy new or used for CASH if you can get a GREAT deal, need the tractor and don't need the money for something else for the next few years or longer. I think prices will be under pressure for both new and used for several years and some great deals will show up from those forced to sell.
As well, the best price isn't the lowest price since things go wrong and dealer support is very important. Too cheap can be a disaster. Just my personal opinion
I'll bet sales were OK until maybe September and then tanked after that. Year over year numbers might not reflect the true nature of the sales slowdown.
Great time to buy new or used for CASH if you can get a GREAT deal, need the tractor and don't need the money for something else for the next few years or longer. I think prices will be under pressure for both new and used for several years and some great deals will show up from those forced to sell.
As well, the best price isn't the lowest price since things go wrong and dealer support is very important. Too cheap can be a disaster. Just my personal opinion
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MessickFarmEqu
Super Member
I think I've said this a dozen times on here. If anyone is trying to time the market expecting to get a better deal a few months from now than they are going to get today... your going to loose. The pricing pressure on tractors is only going UP, and our sales are not nearly as bad as you would think from watching the news. The exchange between the dollar and Yen has raised costs to the tune of 15% over the last year alone. Being that there is still some 2008 inventory around your best deals will be found today.
OP
HayDR
Veteran Member, Approved Advertiser
The January sales figures are not any better. AEM | Industry Trends - U.S. Ag Flash Reports: January 2009 Flash Report U.S. Unit Retail Sales
The National Machinery Show was packed with customers, not just high school FFAer's on a field trip. This is good news if we can get the national media to stop the share the misery mantra.
The National Machinery Show was packed with customers, not just high school FFAer's on a field trip. This is good news if we can get the national media to stop the share the misery mantra.