Tractor lots are full

[tradosaurus]

Tax time brings out 2 types of consumers.
#1 is panicked at how much he has to pay Uncle Sam this week.
#2 can't spend his refund fast enough on a new toy.

It's not a refund. It's the tax payers money, over and above the amount the IRS is stealing.
Taxation is theft.

 

[tradosaurus]

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.

Or in reference to car dealers (used and new) they will have to lower the cost of their vehicles, which is already happening.

 

[Hay Dude]

It's not a refund. It's the tax payers money, over and above the amount the IRS is stealing.
Taxation is theft.

Some taxation is necessary to provide funds for a national defense, but we are 100 years beyond that in social programs and slush funds to bail out senators & congressmen accused of misdoings.

The waste of our taxation could probably be the revenue needed to run a mid-sized country.

Would love to see it reigned in.

 

[2manyrocks]

Idiots are so accustomed to strong economic growth that they may just have gone too far this time with deficit spending and printing money to fund the deficit.

Yander has a point in mentioning that we may think lots are full when we're used to having seen them empty. Same could be said of prices. We've gotten used to sky high prices. Trouble is we can't earn money fast enough to cover the price increases of everything else so something has to give.

 

[ddbackhoe]

slush funds to bail out senators & congressmen accused of misdoings.

Would love to see it reigned in.

And the savings and loan institution, banks, automotive manufacturing, Ukraine, NATO, etc,etc

 

[MessickFarmEqu]

I'd say lots are about about 70%. There are still area's where machines or implements are hard to find, but its decreasing all the time.
The "sellers market" of the last two years is gone. Our vendors are ratcheting up promotions again.

 

[Tinhack]

Kubota is still offering 0 percent financing btw.

True, but it's not free. The financing is just packed into the price.

 

[5030]

Absolutely. Called documentation fees.

 

[rScotty]

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.

Where did you hear that about Capital One? I imagine that floorplan loans matter more for some dealers than others. Most of the long term & older dealerships back when I was involved in them were self-financed.

 

[scootr]

It's not a refund. It's the tax payers money, over and above the amount the IRS is stealing.
Taxation is theft.

Refund is what they call it friend. No point in try to make this a fair tax debate.