Kubota, Kioti quotes

[Steppenwolfe]

Now I know you're not looking at the Kubota Grand series but it's been brought up, there's no comparison to the MX to Grand L series, ride, noise(especially the gear whine of the transmission) and even solid feel, the MX just doesn't even come close to the Grand. If you can get a Kioti with HST and all the other features someone listed for a lot less than a Grand L or even the MX you should buy it. The seat on the MX sucks and so does all the tranny whine, it's a worker but it's a stripped down worker and that's basically what he was looking for and something without a DPF and that was a left over MX5100.

Let's call this post what it is... dog pooh. I choose my MX 5100 over the Grand series because I wanted a work horse, not a tractor for my wife. I had an open check book to buy what I wanted, price was not an object. The MX was a lot more tractor and not all gunked up with options and frills to keep my hair looking nice. I didn't buy HST, either. I got the Man's gear drive, shuttle shift. BTW, my seat is fine, although not heated and cooled, or leather, or for a pampered behind...

 

[TSO]

Now I know you're not looking at the Kubota Grand series but it's been brought up, there's no comparison to the MX to Grand L series, ride, noise(especially the gear whine of the transmission) and even solid feel, the MX just doesn't even come close to the Grand. If you can get a Kioti with HST and all the other features someone listed for a lot less than a Grand L or even the MX you should buy it. The seat on the MX sucks and so does all the tranny whine, it's a worker but it's a stripped down worker and that's basically what he was looking for and something without a DPF and that was a left over MX5100.

Let's call this post what it is... dog pooh. I choose my MX 5100 over the Grand series because I wanted a work horse, not a tractor for my wife. I had an open check book to buy what I wanted, price was not an object. The MX was a lot more tractor and not all gunked up with options and frills to keep my hair looking nice. I didn't buy HST, either. I got the Man's gear drive, shuttle shift. BTW, my seat is fine, although not heated and cooled, or leather, or for a pampered behind...

Is there anything about your MX5100 that's stronger than an equivalent Grand L... Say an L5240?

 

[oldpilgrim]

I was told that in the CUT space, by unit sales, Kioti had moved into #2 behind Kubota.

All the reading I've done says Mahindra is way ahead of Kioti. Kioti is a distant 4th.

In New England, it seems there are many more Mahindra dealers than Kioti.

Kiotis are an excellent machine, though, and I see their sales growing in the future.

 

[GManBart]

Is there anything about your MX5100 that's stronger than an equivalent Grand L... Say an L5240?

You forgot who you're talking to. Remember, an MX5100 is faster than a speeding bullet, more powerful than a locomotive and can leap tall buildings at a single bound!

 

[s219]

I was told that in the CUT space, by unit sales, Kioti had moved into #2 behind Kubota. Reading through the company 10K, clearly the company expected to do a land grab in market share projections.

To help frame the issue: A Deere 4066R was 20K more than the price I paid for my Kioti NX6010, the Kubota Grand L6060 was 12K more, and the Massey MF1758 was 6K more than what I paid for my Kioti NX6010.

Moreover, in my view, the cab layout of controls is better in the Kioti NX series than the other machines, a thing that was one of the two selling points with me (with noise being the second), so the Kioti was getting the nod before the price was factored in. FWIW, I began the purchasing process convinced I was going to buy a Massey MF1758 because they are so pretty.

I don't think they could have passed the whole "others" field and took #2 away from Deere yet -- that would be several orders of magnitude jump and I don't think they even have a big enough dealer network to move that many units. Someone here on TBN knew where to find sales data last year, so maybe they can dig them up again this year so we know the exact numbers. But basically last year in CUT sales magnitudes it was like XXX Kubota, XX Deere, and everyone else combined for X. Kioti was a subset of that X group.

 

[MinnesotaEric]

I don't think they could have passed the whole "others" field and took #2 away from Deere yet -- that would be several orders of magnitude jump and I don't think they even have a big enough dealer network to move that many units. Someone here on TBN knew where to find sales data last year, so maybe they can dig them up again this year so we know the exact numbers. But basically last year in CUT sales magnitudes it was like XXX Kubota, XX Deere, and everyone else combined for X. Kioti was a subset of that X group.

We're talking about the NX, 4000, Grand L, MF1700 frame size. Given how the NX owner ranks have swelled here on tractorbynet, it sounds legitimate to me, but my info is hearsay from my Kioti dealer.

 

[paulfun9]

Now I know you're not looking at the Kubota Grand series but it's been brought up, there's no comparison to the MX to Grand L series, ride, noise(especially the gear whine of the transmission) and even solid feel, the MX just doesn't even come close to the Grand. If you can get a Kioti with HST and all the other features someone listed for a lot less than a Grand L or even the MX you should buy it. The seat on the MX sucks and so does all the tranny whine, it's a worker but it's a stripped down worker and that's basically what he was looking for and something without a DPF and that was a left over MX5100.

Let's call this post what it is... dog pooh. I choose my MX 5100 over the Grand series because I wanted a work horse, not a tractor for my wife. I had an open check book to buy what I wanted, price was not an object. The MX was a lot more tractor and not all gunked up with options and frills to keep my hair looking nice. I didn't buy HST, either. I got the Man's gear drive, shuttle shift. BTW, my seat is fine, although not heated and cooled, or leather, or for a pampered behind...

Now there is something I can understand! Aside from a few options like basic cruise control on a HST, extendable links, tilt steering, and a loader joystick in the right place for long hours I really don't want or need all the electro gadgets that they are stuffing into the NX and grand L machines. I must admit that I like the handle to work my 3 point from the rear also but all that electronic stuff is just nonsense and something else to have to troubleshoot and fix when the machine gets old no matter what brand it is!

All my other machines are gear/shuttle except for the JD the Kioti is replacing and it would have probably been a shuttle as well if I didn't have the need to keep one machine that the wife is comfortable running.

 

[Grandad4]

Reading through the company 10K, clearly the company expected to do a land grab in market share projections.

An EDGAR search reveals no SEC filings, such as Form 10K, for Daedong. Best I can figure, Daedong Industrial is listed on the Korean Exchange, and its financials are available online. If I'm wrong about that, please correct me... it's been many, many years since B school for me.

Don't know the CUT information, but Daedong's latest full year financials reported revenues of $570 million (US dollars). For comparison, Kubota's full year revenues were $ 14.7 billion (US dollars) and Deere reported sales of $37.8 billion (US dollars). Of course all those numbers are spread across the globe and among many different product lines so it's anybody's guess who is selling how much here in the USA, but dealer talk notwithstanding, I'm thinking the "more than 300" US Kioti dealers (per the Kioti website) aren't about to overtake Kubota's 1,000+ dealers anytime soon.

Kioti offers very good tractors, without doubt. We should all appreciate these outfits seeking to offer better equipment and better value to win customers. Success is not defined by driving competition out of the market, it's having robust competition that improves what's available. Cheers.

 

[MinnesotaEric]

An EDGAR search reveals no SEC filings, such as Form 10K, for Daedong. Best I can figure, Daedong Industrial is listed on the Korean Exchange, and its financials are available online. If I'm wrong about that, please correct me... it's been many, many years since B school for me.

Don't know the CUT information, but Daedong's latest full year financials reported revenues of $570 million (US dollars). For comparison, Kubota's full year revenues were $ 14.7 billion (US dollars) and Deere reported sales of $37.8 billion (US dollars). Of course all those numbers are spread across the globe and among many different product lines so it's anybody's guess who is selling how much here in the USA, but dealer talk notwithstanding, I'm thinking the "more than 300" US Kioti dealers (per the Kioti website) aren't about to overtake Kubota's 1,000+ dealers anytime soon.

Kioti offers very good tractors, without doubt. We should all appreciate these outfits seeking to offer better equipment and better value to win customers. Success is not defined by driving competition out of the market, it's having robust competition that improves what's available. Cheers.

Basically, Daedong d/b/a Kioti poured a pile of money and increased company debt from 2012-14 hoping to make a land grab in market share.

Object moved

Those reports are all in Korean. :confused3:

000490.KS Income Statement | Daedong Stock - Yahoo! Finance

Here is a snapshot of their home page, where among other things, they build Deere's 6R series for the Asian market.

 

[Steppenwolfe]

Is there anything about your MX5100 that's stronger than an equivalent Grand L... Say an L5240?

You missed the point, I wanted a straight up tractor, not a trans-gender BMW. I looked real hard at the Grand L's, and kept eye balling the MX sitting next to them. I just didn't see the need for all the gizmo's and doo dads. Like I said earlier, I could have written a check for $45 grand, but I just really liked the MX better. Is it stronger?. I don't know, Is it prettier?, probably not, Is it a beast?, yes.