The State Of The Union.
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    xcopterdoc's Avatar
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    The State Of The Union.

    2018 at our dealership was a good one. We were slightly above average profit compared to other AG dealers in our group. Sales are brisk but sales lost big in 2018. Mostly due to big iron laying on the yard. Parts are parts. . who knows. I have noticed more people have decided to repair rather than replace. We have seen hefty repair bills on older units rather than trade in. Maybe you guys can explain that better. I think thats why service did so well. Most of the time parts carries the store.. Not this last year. 4 service trucks on the road helped a lot. We expanded and it worked.
    We are off and running and 2 weeks behind already on lawn and garden in February. Winter specials have paid off. I have worked the last 6 Saturdays to keep up. Company is reluctant to hire more people to keep up. So we have been getting hired help from other locations that are slow. Makes sense.

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    etcallhome (02-09-2019), Gizmo2 (02-09-2019), Jeff B (02-09-2019), PJR832 (02-09-2019)

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    mike01's Avatar
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    Is this happening to all dealers? If so I can lean on mine to get me a killer deal on an X738!
    2019 X758, 54" Autoconnect deck
    2018 2032R, 220R Loader, dual rear SCV, hydraulic top link, SB1164 Snow Blower, RC2072 rotary cutter, BB5048L box blade, 42" Titan forks, BB2060L back blade

    Owned in the past:
    X570, X758 (2015), 1025R, X590

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    fdmars's Avatar
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    In 25hp plus, think people are leary of new models with regen systems on them? I know I would prefer the older, keep it simple engine.
    2009 JD 2305 w/ Femco folding ROPS,Power Beyond Kit, KBOH, 54"MMM, 47" Snowblower, 200CX Loader w/ BB, Powerhorse 12 ton Logsplitter and King Kutter tool carrier and 17P kart
    2009 Cub Cadet/Yanmar ex3200, Land Pride 60” land plane and 60” finish mower, worksaver posthole digger w/ 9” auger, “The thumb” add on grapple, third function valve and KBOH of course

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    ejb69's Avatar
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    I too think that folks are avoiding buying the new engines with all the emission crap on them. More so with those that can fix their own equipment.
    Eric

    2011 1026R / H120 / 60D auto-connect, independent-lift mmm / 54" snowblower / 4' KK Pro rotary mower / KK 4' tiller

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    Senior GTT Super Slacker Gizmo2's Avatar
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    People may be holding off. Wait until the 2018 tax refunds start being sent out. With the standard deduction now being $24K (married filing jointly) I would guess sales will go up.
    Last edited by Gizmo2; 02-09-2019 at 09:08 AM.
    Keith

    JD 2320, 200CX FEL/61" bucket , 46 BH/16" bucket, Artillian Forks, 72" Snow Blade, Landscape Rake, Ballast Box, PHD, The Wife
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    PJR832's Avatar
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    Farmers are suffering right now, it's one of the toughest businesses to be in, I can't remember the last time I've seen a brand new tractor sitting in anybody's yard. I know around here it's like this:
    Service/parts carry the AG side of the business, while sales carry the residential side.
    Gizmo2, DRobinson, fdmars and 7 others like this.
    Pat
    #compactfarming
    2025R W/120R FEL/Titan 36" Pallet Forks w/round bale spears/Ken's Bolt on Hooks / 72" moose plow / Kawasaki Mule(The Donkey) 610xc w/ Warn winch
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    Senior GTT Super Slacker Gizmo2's Avatar
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    Quote Originally Posted by PJR832 View Post
    Farmers are suffering right now, it's one of the toughest businesses to be in, I can't remember the last time I've seen a brand new tractor sitting in anybody's yard. I know around here it's like this:
    Service/parts carry the AG side of the business, while sales carry the residential side.
    I friend of mine has a huge dairy farm, during hay season he rents or leases 3 or four big John Deere tractors with cabs, never buys new.
    Keith

    JD 2320, 200CX FEL/61" bucket , 46 BH/16" bucket, Artillian Forks, 72" Snow Blade, Landscape Rake, Ballast Box, PHD, The Wife
    BX42 Chipper, XUV 560 Gator, Z915B ZTrak

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    I worked for my brother-in-law in the 1970's on a large farm,,
    and I have always enjoyed reading the farm magazines passed on to me from my sister,,

    Over the last 40 years, the equipment business sounds like a broken record,,
    very similar, year after year, after year,,,

    I hear people think consolidations will change things,, but,, it seems everything is still the same.

    I guess there is only so much ,,, somehow certain dealers survive with that income,,,
    Some of the tractors include JD 4105, JD 855, JD 650,,,, and,,, the IH 584 4WD
    My favorite attachment is the homemade landplane,,, EVERYONE needs one of those!!

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    xcopterdoc's Avatar
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    Quote Originally Posted by Gizmo2 View Post
    I friend of mine has a huge dairy farm, during hay season he rents or leases 3 or four big John Deere tractors with cabs, never buys new.
    We do alot of leases also. We have a large farm that leases all the big stuff. Their lease is around 3 mil a year. When they hit 500hrs it comes back. We service and repair, wash and detail. It gets sold at a steep discount with a full factory warranty.

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    DanW's Avatar
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    Quote Originally Posted by Gizmo2 View Post
    People may be holding off. Wait until the 2018 tax refunds start being sent out. With the standard deduction now being $24K (married filing jointly) I would guess sales will go up.
    Yeah, that may not come to pass...

    The average federal income tax refund was $1,865 — down 8.4 percent — from the average of $2,035 for the same week in 2018.
    https://www.freep.com/story/money/pe...er/2813134002/

    I suspect what happened was the new tax law adjusted people's deductions giving them more on each check but the new rates and increased standard deduction were more than compensated for by the loss of the personal exemption ($4,050 for the taxpayer and each qualifying child) and the cap on state and local tax deductions.
    Last edited by DanW; 02-09-2019 at 02:25 PM.
    "Wherever you leak, the world hangs a bucket." - Gallagher

    Sold - 1991 John Deere LX186 w/48" deck, 42" front plow, 1993 John Deere TRX26 snowblower
    Now own - 2018 John Deere 1023E w/120R loader & 53" bucket, 60D MMM w/auto PTO coupler & hydraulic lift, Deere 3rd Mid SCV, iMatch 3ph, ballast box, ROPS Warning Light Brush Guard, Deck Dolly, Edge Tamers, All States Ag Parts Mirrors, Ken's Hooks, Heavy Hitch Toothbar, Frontier AV20F Grapple, HLA HD0942 pallet forks

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