Rocky Mountain Q3 Sales Rise

Rocky Mountain Dealerships Inc. reported a strong third quarter. The company said the three months that ended September 30 were the best it had posted since 2012. It said all divisions contributed to a 7.3 percent year-over-year increase in sales.

“Our focus on sales and inventory management continues to allow us to reduce debt, contain costs, increase inventory turnover and, by extension, increase our return on assets,” said Garrett Ganden, president and CEO.

“At a high level,” he said, “the forward economic indicators for our sector are strong. There is mounting evidence that the Western Canadian market for agricultural equipment has turned around and is returning to normal levels after being depressed for a number of years.”

As of September 30, the dealership’s equipment inventory declined by 8.5 percent compared to the same date last year. Inventory turnover increased 16 percent compared to the same quarter.