Tractor lots are full

[tacticalturnip]

The gray market imports had some funky colors. The official US imports were black and red.

The picture links to the ad.

Isn't it beautiful?

 

[tacticalturnip]

Yes it is.
I have too many unfinished projects and if I cannot get parts even less interest.
Everything is too expensive.

You're right about that.

I see you're over in Mount Vernon, my first real girlfriend was from there. Lovely town.

 

[2manyrocks]

The picture links to the ad.

Isn't it beautiful?

The ad says its a YM155d that has been repainted. That's a domestic model for the US market with the wrong paint. Should have a Yanmar red hood and fenders.

 

[DonaldP]

Capital One has told all dealerships; car, boat, tractor, etc that they are exiting the floorplan business. Think about that, Capital One, a company that has huge interest rate margin is getting burned so bad they have to exit.

Someone else will fill the space, but it will cost a lot more to secure floorplan financing. That will trickle down to higher costs on the physical asset.

The fed told everyone in 2021 to buy long duration treasury notes because inflation was "transitory" and everyone listened. Well we know how transitory it was and all these companies are holding long duration bonds that are about worthless with higher interest rates. The preservation of capital is now well underway for business...the problem is dealerships ordered huge inventory for anticipated demand that is failing to materialize.

It's going to get spicy in the next few months. The fall is typically when seasonal demand dries up and the recessions start.

This was my feeling exactly last year. I'm very lucky.

Due to some issues with Whites Farm supply in Canastota NY taking in my Kubota L3560 for service at about 250 hours...

We'll long story short they crashed the tractor, damaging it for about $6000. Mostly cosmetic. Of course they said it never happened.

So kubota offered me $5000 toward a new Kubota L4060... I talked about it. Inventory was scarce then. I had to wait. Maybe, they said... up to a year. And in the year they couldn't hold the price nor the 0% Financing.

So I decided I would spend the $3500 on a two year warranty instead. Keeping the unit and getting air seat upgrade as well.

Glad I did... the unit increased about $10,000 over what I paid in about a year. Now it's up by about $15,000.

They are available if I want one... but not at the inflated prices they want. It's difficult to decide how much appetite we have for joining in and playing the inflation game.

I had to replace a pickup (1 of 2 that I own -I bought both new in 2009/2010. For about $30,000).

They are about $55k to $60k now. About $950/month or more. And were I to have to replace the other truck soon... I could be in a heap of trouble at:

$70k for a the new Kubota
$120k for 2 new pickups as well (spouse gets 1 too, or I would have an extremely long "honey do" list...).

That's about $200k... that's fair priced house here in Central New York.

So I got a 2017 Pickup(2500HD) with a few dents and NO rust for 18,000 via an auction.

It's a risk, but with a $42,000 savings over new... at least I'm not participating in the inflation arena just yet.

Everyone needs to choose wisely here. Any move you make can have major affects down the road.

I chose for some space while minimizing my exposure.

 

[Torvy]

I've been watching for JD and kubota. I've lowered my sights to RK and Mahindra. Now I just figured to give up altogether till I find a used deal reasonably enough.

I live on north Alabama.

If you are considering RK, I would look harder at TYM. They make 100% of RK tractors and have dealers in N. Alabama. I think you will find little difference technically between the high priced brands and TYM. The dealership is the advantage and that is locally dependent.

 

[2manyrocks]

Expanding on Torvy's post....

A good dealer with a good service department will help you keep your tractor running with the least hassle and expense. Buying something from a retailer who doesn't have a service department may mean that they'll either send you elsewhere to a mechanic or you are on your own when it comes to repair service. Dealers with service departments may not like servicing tractors bought from retail outlets because the retail outlets cut the dealers out of sales.

I'd also say that buying a tractor that has a lot of unit sales will more likely mean that parts will continue to be available in the future. If there are more of those models in operation, the more likely parts support will continue than if there are few models of that tractor sold and not much of any monetary incentive to support them.

 

[plastikosmd]

“Everything is expensive “

I’m sitting here reading this thread and my wife is talking with her sister on the phone about a new store in town selling 5$ cookies. (She bought 3 and paid 17$)

….and people continue to pay

 

[AndyMA]

I think this Bidenflation is pricing everything out of peoples reach!

Wrong
Looking at the most recent monthly inflation numbers, more than a dozen OECD members had a higher inflation rate than the United States’ 8.6%. These were predominantly Baltic and Eastern European nations, which have been hit especially hard by the consequences of Putin’s invasion of Ukraine.

But a larger number of OECD members had inflation rates lower than 8.6%, and these include all but one member of the G-7 group, which is limited to the world’s very largest democratic economies.

Among the G-7 nations, Germany’s most recent inflation rate was 7.9%, the United Kingdom’s was 7.8%, Italy’s and Canada’s were 6.8%, and France’s was 5.2%. (The final G-7 member, Japan, hasn’t released current inflation numbers.)

 

[5030]

The ad says its a YM155d that has been repainted. That's a domestic model for the US market with the wrong paint. Should have a Yanmar red hood and fenders.

Nothing beats the '5 gallon finish' they say. Sure looks like it could have used some bondo on the hood as well. Probably pained right over the dried on grease as well.

 

[rScotty]

Expanding on Torvy's post....

A good dealer with a good service department will help you keep your tractor running with the least hassle and expense. Buying something from a retailer who doesn't have a service department may mean that they'll either send you elsewhere to a mechanic or you are on your own when it comes to repair service. Dealers with service departments may not like servicing tractors bought from retail outlets because the retail outlets cut the dealers out of sales.

I'd also say that buying a tractor that has a lot of unit sales will more likely mean that parts will continue to be available in the future. If there are more of those models in operation, the more likely parts support will continue than if there are few models of that tractor sold and not much of any monetary incentive to support them.

That line of reasoning is based on an assumption that utility tractors will need the type of repair that requires a dealer. That is only an assumption, and I'm not at all sure it is correct.

From my reading in TBN, after the warranty is over most tractors don't require anything at all from the dealer. With minimal maintenance and checking the fluids, tractors tend to go for many years with no need for a dealer.