New farm tractor and combine sales continue to lag in after a slowdown that started the previous year, according to the latest report from the Association of Equipment Manufacturers.
You can find more information on our web, so please take a look.
Soft sales led savvy dealerships to focus on service and aftermarket upgrades such as precision agriculture technology, said Curt Blades, AEM vice president.
SS Equipment New Holland, headquartered in Pasco, Wash., focused on deals with winter overhaul programs, said Jay Herbers, corporate sales manager. The economy has been tight, limiting sales of tractors, combines, swathers and bailers, he said.
“The biggest thing in this economy is selling your business as a whole,” Herbers said.Salesmen need to promote the dealership’s parts and service out in the field.
Chad Hochstetler, general manager for Rickreall Farm Supply, a Kubota dealership in Rickreall, Ore., said farmers and ranchers were making investments in their existing equipment.
“People are trying to be resourceful,” he said.
In some cases, that means seeking versatility and using tractors as “Swiss Army knives.”
“How can we make our tractors do more things? That’s some of what is occurring in the market right now,” Hochstetler said.
Hochstetler was hopeful sales would improve in the third and fourth quarter of as agricultural uncertainty regarding trade and other matters is resolved.
Herbers said there was optimism.
“When you’re able to get a quote to a guy, it’s trending upwards,” he said.
Farmland Tractor in Tangent, Ore., sells tractor parts and when the economy is tough, parts sales increase, said Ty Raschein, whose family owns and operates the business.
“Nobody is buying new, they’re fixing old, so that’s better for us,” he said.
Raschein said margins are tight across the country, including in Linn County, Ore., where grass seed isn’t moving.
Blades said uncertainty, higher input costs and higher interest rates continue to hamper tractor sales.
Preliminary data also indicates that the fleet age for tractors and combines is relatively young, with many farmers, ranchers and rural residents making larger purchases within the past eight years.
During the pandemic, for example, dealerships experienced record high sales of tractors less than 40 hp as people were stuck at home.
Combine sales are sharply down, but were strong just a few years ago thanks to advancements with precision agriculture.
AEM data showed sales of tractors from 40 hp to 100 hp suffered the smallest percentage drop year-to-date in .
Herbers said mid-range tractors sales for machines from 75 hp to 100 hp were decent, in part because ranchers use those machines and beef is a hot segment.
Hochstetler said the sweet spot for sales at Rickreall Farm Supply was from 40 hp to 80 hp.
“It isn’t bad. It’s down slightly,” he said.
With competitive price and timely delivery, Langkerui sincerely hope to be your supplier and partner.
Total farm tractor sales through May hit 80,332, down 12.8% from the first five months of .
Self-propelled combine sales — measured as a separate category by AEM — were down 43% to 1,253 year-to-date.
In , tractor sales fell 13.2% compared to the previous year, while combine sales dropped 24.3%.
Annual Conference and Trade Show – Held in January each year, our annual conference and trade show allows you to see what's new, immerse yourself in industry intelligence and network with like-minded professionals. Mark your calendar for the Conference and Trade Show to be held at DoubleTree by Hilton at the Entrance to Universal Orlando - January 22 - 24, .
Annual Summer Mixer – Held in July each year, our annual summer mixer allows you to connect with members in a small setting to strengthen relationships. Plan now to join us July 24 - 26, in Norfolk, VA. Registration will open in mid April.
NTPDA Ad Incentive – NTPDA members can also receive up to $300 credit annually if using member designated NTPDA logo in your ad copy. Each time you include the NTPDA logo in any of your ads (excluding the NTPDA Bulletin) you will receive a $25 credit with a limit of $300 per year. All you need to do is send us a copy of the tear sheet showing publication and date. If those are not present on the tear sheet with the ad, then include a copy of the invoice. We will keep a tally sheet of each time you include the logo and at the end of the year we will send you a check.
NTPDA Bulletin – Members receive very favorable advertising rates in the Bulletin. Our quarterly publication is circulated to tractor parts dealers throughout the United States and Canada. It is also posted on our website to maximize your advertising exposure!
NTPDA Job Board – We know how tough it is to find and retain good help and we hope this free benefit will enable you to expand your search beyond your local area. All you have to do is send us a job posting (Position, Location, Hours, General Requirements, Contact and How to Apply) and we will create the post and place it in our Job Board section on our website. Visitors can then search by state to find available jobs. We will also link directly to your website so the prospective candidates can know more about your business.
NTPDA Library - Management tools for your business. Includes: The Social Media Bible, Embracing Change, Creating Customer Satisfaction, The Facebook Era, Measure What Matters, An Hour A Day Collection: Social Media Marketing, YouTube and Video Marketing, Facebook Marketing, Twitter Marketing, and LinkedIn Marketing, Financial Analysis, Understanding Financial Statements, Making Work Work, and Web Copy That Sells.
NTPDA Member Referral Program – This program could ultimately pay for your annual membership dues. All you have to do is refer a new member to us and your membership dues for the following year are waived. It is that easy!
NTPDA Parts Database – Regular members can network together through the parts database. Individually no one dealer can carry every part for every customer, but as a group, NTPDA members are able to supply customers with an almost endless supply of new, used and rebuilt parts. Allied Information Networks has helped us in this endeavor by creating a database of the NTPDA members’ inventories.
NTPDA Scholarship Program – The NTPDA Scholarship Program is offered each year to children of NTPDA members and their employees who will be full-time students at an accredited trade school, college, or university in the next academic year. This is open to all members and the value of the scholarship is $3,000. Applications are available the first of February and are due the middle of March.
NTPDA Website Listing – We receive many unique visitors to the NTPDA site on a monthly basis. Members are arranged by State/Province and the company name, contact information, link to your website, and listing of your products/services is provided for visitors of our site to see. It is a form of year-round advertising for you and your company.
Bass Pro Shops/Cabela's Business Sales - Our partnership with Bass Pro Shops/Cabela’s Business Sales allows Corporate Discounts of 5-10% on general merchandise and 15-20% on Cabela’s-branded merchandise. NTPDA Members can also leverage this benefit to order their own company-branded apparel with no set-up fee.
Credit Card Processing - If you use a credit card processing service, we offer special discounts through our preferred members, Envoy Business Systems based in West Caldwell, NJ, and Tap-Pay Solutions based in Omaha.
Discounted forms and supplies through INEDA.
ENET or TELEQUIP Discount – Members receive a $25.00 monthly discount on ENET or TELEQUIP level 1 or 2 service through Allied Information Networks. NOTE: The $25.00 monthly discount equals a $300.00 per year savings that comes very close to offsetting the $400.00 per year membership dues.
Strategic Transportation – The daily goal is to provide all the transport brokerage services you need with precision, reliability, and competitive pricing. With their headquarters based in Minneapolis, they cater to local Midwestern customers as well as national clients. Their transportation experts are flexible and well versed in the varying needs of their clientele, regardless of their geographic location and business size.
TForce Worldwide Feight Program - TForce Worldwide specializes in the expedited movement of new, used and remanufactured parts and equipment throughout the lower 48 and both to and from Canada. Their online logistics platform provides you instant access to the industries best rate from over 75 LTL (freight) carriers with nationwide range and reach.
TForce Full Coverage Freight Insurance - TForce has also arranged a full-coverage zero-deductible insurance option for new, used and remanufactured parts. NTPDA members who opt for this benefit will have their claims resolved within a matter of weeks at full replacement value.
TForce Worldwide Small Parcel Program - TForce Worldwide can also provide access to an online platform that provides special access to FedEx, UPS, DHL and Purolator small package for international and air freight shipments.
UPS® Savings Program - NTPDA and UPS® took the guesswork out, and put the easy in. Members now have access to new flat discounts that include savings of 50% on Domestic Next Day/Deferred, 30% on Ground Commercial / Residential, up to 50% on additional services and the UPS Smart Pickup® service for free.
Receive enhanced protection. Let UPS help you discover the brighter side of your supply chain by protecting your shipments and your bottom line. Choose when you want to protect your shipments and for how much by simply entering the value of your shipment in the declared value of your UPS® approved shipping system and you are on your way to the brighter side.
Print and produce a wide variety of marketing materials online. The UPS Store® provides members with quick, affordable and effortless digital printing solutions with easy online ordering and expert customer service.
Want more information on Tractor Parts Supplier? Feel free to contact us.