Dealers Optimistic About 2011 Sales

Ag Equipment Intelligence, in their August 2011 “Dealer Trends & Business Outlook” survey, found that dealers have an improved outlook for the remainder of 2011. The survey had 560 respondents, representing combined annual revenues of roughly $22 billion.

The survey shows that this month dealers reported year-over-year sales growth of 6% on average, which remained consistent with their sentiments from last month. The outlook for the remainder of 2011 improved slightly to 7% sales growth for the entire year, according to the survey.

The Dealer Optimism Index improved to 12%, which is up from 6% from the previous month, according to the survey. ♦