New Tractor Sales Are Declining

[CloverKnollFarms]

Just got mine!

 

[Cahaba Valley Farm]

The most interesting question posed in that video is if TYM will continue to offer 68 different models?

What I think is going to be interesting to see is what they will narrow it down to. That will demonstrate what the market is currently hungry for.

 

[Cahaba Valley Farm]

Just got mine!

Congratulations Clever! She sure does look sharp. Please upload more pics if you got any.

 

[CloverKnollFarms]

Congratulations Clever! She sure does look sharp. Please upload more pics if you got any.

Will do, hopefully this week. This was from an established TYM dealer. It’s the first legacy Branson they have sold

 

[Williy]

Nice Tractor but there's no house on it????
yer in the open?????????

Tomorrow it will be 81 Tuesday 83 and the rest
of the week will be in the low 70's and the low's
will be upper 40's & low 50's

It's cold out so don't forget to run your a/c for at
least 15 min to keep the seals moist

willy

 

[YanmarFever]

Important... does it have remotes?
If not, you might have the dealer install them, if you think you will need them.
My 4520 does not have them, so running my chipper is out..

 

[CloverKnollFarms]

Important... does it have remotes?
If not, you might have the dealer install them, if you think you will need them.
My 4520 does not have them, so running my chipper is out..

I had them install dual remotes, yes. I’m installing top and tilt too.

 

[CloverKnollFarms]

Nice Tractor but there's no house on it????
yer in the open?????????

Tomorrow it will be 81 Tuesday 83 and the rest
of the week will be in the low 70's and the low's
will be upper 40's & low 50's

It's cold out so don't forget to run your a/c for at
least 15 min to keep the seals moist

willy

I do have a house we built for it last summer.

 

[airbiscuit]

Just stopped at 2 implement dealers in Appleton. They said sales have been strong. Modest inventory on hand but not stuffed. Still having difficulty getting some models. Expecting a surge when the weather warms up (whenever that is).

 

[dgl24087]

I'm seeing inventory starting to look better around me in the Roanoke Valley and New River Valley in VA. Massey/NH dealer has 7 NH tractors and 8 Massey's on his lot, JD dealer has 3 50x5e's, 1 5115m and 1 6145m, Kubota dealer has several utility and ag tractors as well as compacts on the lot. 2 Cub Cadet dealers have probably 25 or more mowers on display as well as that many or more waiting to be broken out of their shipping crates.
Edit: I was at Rural King this morning and it had 7 tractors on the lot, first tractors there in a year or so.

 

[Hay Dude]

I was at (2) Ag dealers yesterday to pick up parts. I noticed lots of new inventory on the lots. This is probably the typical February restocking I see all dealers get this time of year.

 

[TimberFarm]

There is a Kubota dealer near me and even last fall there was zilch on his lot. Now the place is packed with tractors and implements. Like so packed you wonder where he is going to put stuff. Don't know what prices are, but there are a LOT of tractors that are in the 40hp and below range. If people don't come running to buy in the next couple months when the weather really gets nice, I imagine there will be some good deals there because I can't imagine sitting on all that inventory.

 

[Blue Mule]

Massey Ferguson has been running ads lately for a "spring sales event". Compact tractor with loader, "payments as low as $425/month!"

When I bought my Workmaster 40 with FEL they gave me 1.9% which put me at $280/month but that was a couple winters ago now.

 

[Cahaba Valley Farm]

Thanks for the market updates guys. I too have been seeing Kubota adds running on TV for spring. Dealer is still stocked full of inventory.

 

[CloverKnollFarms]

Consumer credit card debt was nearly 20% higher in Q4 of 2022 than in Q4 of 2021… it is expected to continue to rise in 2023.

That does not bode well for consumption as we move forward, on all fronts.

 

[tradosaurus]

Consumer credit card debt was nearly 20% higher in Q4 of 2022 than in Q4 of 2021… it is expected to continue to rise in 2023.

That does not bode well for consumption as we move forward, on all fronts.

Much of that is self-inflicted by instant gratification.

 

[CloverKnollFarms]

Much of that is self-inflicted by instant gratification.

Agreed… but at some point math trumps desire. Even if the desire is there, math will not support it.

 

[Hay Dude]

I feel semi-lucky that I have most pieces in place to continue to make a living before interest rates shot up above 8%. Much of what I have is owned. Some is financed at laughably low rates (in today’s terms).

Diesel fuel and insurance costs are bad enough, but I really feel bad for the small company owner that has to eat the 8-10% interest excrement sandwich on an equipment loan-purchase today.

 

[Cahaba Valley Farm]

I feel semi-lucky that I have most pieces in place to continue to make a living before interest rates shot up above 8%. Much of what I have is owned. Some is financed at laughably low rates (in today’s terms).

Diesel fuel and insurance costs are bad enough, but I really feel bad for the small company owner that has to eat the 8-10% interest excrement sandwich on an equipment loan-purchase today.

Hay Dude, do you think the tractor industry is going to keep calling their captive financing zero percent when it gets that high?

 

[Hay Dude]

Sucker born every minute!