Dealer Survey: Most Equipment Inventory Levels Improving

More than one-third of farm equipment dealers in North America reported at the close of 2018 that their combine inventories were “too high.” The finding—published in the Dealer Sentiments & Business Conditions Update survey from Ag Equipment Intelligence—is consistent with dealers’ sentiments in the most recent survey.

Elsewhere in the survey, a net 19 percent of dealers reported their backlog of used equipment inventory was “too high,” which is an improvement compared to 24 percent in the previous month’s survey.

New equipment inventory levels improved with a net 16 percent of dealers reporting inventories “too high.” In the previous survey, 23 percent reported inventories were “too high.”

Used equipment pricing declined somewhat. Large tractor pricing was reported down 2 percent year-over-year vs. down 1 percent the previous month.

Source: Ag Equipment Intelligence