New Tractor Sales Are Declining

[ovrszd]

Could be, or it could be a result of the supply chain just catching up. For many years dealers kept full lots of inventory.

Brilliant. The supply chain is catching up. To a slowing economy.

 

[jyoutz]

Brilliant. The supply chain is catching up. To a slowing economy.

Dealers have had things on back order for a couple of years. My local dealer has equipment that he didn’t have last spring. He says he’s now getting supply that he ordered as far back as 2020.

 

[cathy liebchen]

Seems to me like breaking into a federal building to change an election while chanting about hanging the vice president because he didn't do what you wanted, isn't very peaceful. But what about those BLM guys isn't a valid argument.

Would you have been ok with people doing this to try to keep Obama in office?

The guy in the cow horns helmet was so scary I thought he would end up being POTUS

 

[Rdrcr]

Good video from Messicks regarding the current market conditions;

Mike

 

[Cahaba Valley Farm]

Good video from Messicks regarding the current market conditions;

Mike

You beat me to it Rd. I was just about to post this. Thanks for posting.

 

[Rdrcr]

^^^^
Yep, no worries. I thought the video contained some good and relevant info for the tread.

Mike

 

[airbiscuit]

That video sounds about right. I expect there will be waves (up an down) with sales and supply, but the amplitude of those waves will diminish over time.

 

[MinnesotaMorg]

I like my kubota dealer, but the last two times I've been there (last week + 2 months ago) I noticed a substantial increase of stuff sitting on the lot. I commented both times that I was watching sales trends and it looks like their supply is catching up a bit and sales must be slowing. Both times they have denied it stating that "everything on the lot is already sold".

I don't fault them to trying to maintain the facade so that people get fomo and buy now, but I think the jig is up. IMO in this messicks video you can tell he is trying to avoid just coming out and saying it. I did talk to one guy at the dealer and he did agree that we need a crash to normalize prices and supply.

When I was in the market for a kubota skid, I just told the sales guy I wasn't interested in being put on a list to get one in 4-6 months - and to call me if he gets one I can buy. Not 10 days later he calls me and says he has a SVL65 on hand I can buy.

edit: I should add I would believe that half of the skids / tractors / miniX on the lot are sold, but not every single one.

 

[5030]

My dealer has been having an ongoing issue with getting front end loaders and backhoes too. He's got a number of sold units waiting to both. Kubota says they are ramping up production of them but he hasn't seen it or so he tells me.

 

[Cahaba Valley Farm]

I like my kubota dealer, but the last two times I've been there (last week + 2 months ago) I noticed a substantial increase of stuff sitting on the lot. I commented both times that I was watching sales trends and it looks like their supply is catching up a bit and sales must be slowing. Both times they have denied it stating that "everything on the lot is already sold".

Yeah everything is sold but all the owners forgot to come pick them up

IMO in this messicks video you can tell he is trying to avoid just coming out and saying it.

You took the words right out of my mouth.

I don't fault them to trying to maintain the facade so that people get fomo and buy now, but I think the jig is up.

Yep it's up. Some markets will take longer for it to show up but a crash is inevitable with the borrowing costs continuing to skyrocket.