Dealer News

Cervus Equipment Corp. announced that, for the quarter ended June 30, 2014, its revenue decreased by $6.8 million, or 2.8% as a result of a $9.0 million or 5.2% decrease in ag equipment segment revenue, offset by a $2.2 million or 3.1% increase in CIT equipment segment revenue. Same-store revenue decreased $21.5 million, or 8.8%, as a result of a $23.7 million decrease in ag segment revenue, offset by a $2.2 million increase in CIT equipment segment revenue.

Rocky Mountain Dealerships Inc. reported its total revenues increased by 1.8% to $242.4 million for the quarter ended June 30, 2014. Sales of whole goods were relatively flat, but product support growth enabled the business to realize a modest overall revenue increase.

Rocky Mountain also announced that CEO Matt Campbell has declared his intention to retire, effective December 31, 2014. President Derek Stimson also announced that he intends to retire on the same date. Both men will remain as directors of Rocky Mountain, with Mr. Campbell serving as its Chairman of the Board of Directors. S