Blanchard Equipment, which operates 15 stores in Georgia and South Carolina, has relocated its Clinton, S.C. dealership to a shuttered car dealership in Greenwood, S.C. The Deere dealer said the roughly 10,000-square-foot site offers more showroom space and additional space for parts and services. Source: Index-Journal
Cazenovia Equipment Co., a Deere dealer, will close its locations in Watertown and Sandy Creek, N.Y., to consolidate them into one retail and service center in an agribusiness park in Watertown. With this consolidation, Cazenovia Equipment will have eight locations. Cazenovia also carries Ariens, Kuhn and Unverferth. Source: Watertown Daily Times
Rocky Mountain Dealerships Inc. last week reported its financial results for the three months ended March 31. Sales decreased 19.1 percent compared to the same period in 2018. The drop was due primarily to a decline in same-store new equipment sales for the quarter as the dealership limited pre-sale activity and focused on distributing existing inventory.
Gross profit decreased by 5.2 percent. Gross profit as a percentage of sales improved to 14.4 percent compared to 12.3 percent for the same period in 2018.
Rocky Mountain told investors it maintained a solid balance sheet position.
Source: Rocky Mountain Dealerships