Rocky Mountain Dealerships recently reported its financial results for the quarter ended June 30. The dealerships reported a 9.9 percent increase in sales compared to the same quarter last year, largely due to higher sales of used equipment.
President and CEO Garrett Ganden said Rocky Mountain “performed well in the second quarter, especially in light of the many global issues adversely affecting our sector. Results were better than the same quarter last year and we have started to reclaim the lost ground from our first quarter.”
He went on to say that cost reduction efforts “are clearly producing results as is our inventory reduction focus. Equipment inventories are down $114.8 million from Q2 2019 and $78.5 million from the beginning of the year.”
Source: Business Wire