165 annotations
we still expect to see replacement demand in both regions
(No comment added)
Transcript
2024 Q1
26 Feb 24
There's certainly caution in the market
(No comment added)
Transcript
2024 Q1
26 Feb 24
Used inventory in the U.S., while having increased, remains at manageable levels.
(No comment added)
Transcript
2024 Q1
26 Feb 24
through the balance of the year, as dealer inventories return to more normal levels
(No comment added)
Transcript
2024 Q1
26 Feb 24
The compact utility tractor market remains soft, as the industry works to bring down inventory levels, while demand for turf products has stabilized.
(No comment added)
Transcript
2024 Q1
26 Feb 24
Construction & Forestry. Industry sales of earthmoving and compact construction equipment in North America are both projected to remain flat to up 5%. Demand for earthmoving and compact construction equipment remains robust, driven primarily by the early stages of infrastructure spending and rental re-fleeting. The industry has also benefited from some stabilization in housing, as well as reshoring efforts in the manufacturing sector, which are helping to offset weaknesses in office and commercial real estate. In forestry, we estimate the global industry will be flat to down 5%, with growth in Europe offset by softening markets in the U.S. and Canada. Global roadbuilding markets are forecasted to be flat to up 5%. Strong performance in North America and emerging markets in South America and India are supporting strong fundamentals across Europe.
c & f outlook
Transcript
2023 Q3
25 Sep 23
if you went back to prior years, you wouldn't see a lot of technology that gets leverage from Production & Precision Ag into Small Ag & Turf, but you're going to see more of that as our customers, particularly in like high-value crop production systems, they're demanding solutions like autonomy and electrification
(No comment added)
Transcript
2023 Q3
20 Aug 23
we will expect to see inventories wind down further throughout the fourth quarter
(No comment added)
Transcript
2023 Q3
20 Aug 23
used inventories? We've seen those rise pretty significantly year-over-year from their historic lows last year
(No comment added)
Transcript
2023 Q3
20 Aug 23
tory, it would make sense that we saw inventory levels rise during the middle part of the calendar year
(No comment added)
Transcript
2023 Q3
20 Aug 23
for every combine or tractor we sell, a dealer will typically facilitate three to four additional transactions as used equipment works its way down the trade ladder
(No comment added)
Transcript
2023 Q3
20 Aug 23
Large ag equipment has roughly four to five owners over its useful life in North America.
(No comment added)
Transcript
2023 Q3
20 Aug 23
I think we've seen the industry level out or even come down a little bit here recently.
(No comment added)
Transcript
2023 Q3
20 Aug 23
as it relates to inventory for Small Ag & Turf
(No comment added)
Transcript
2023 Q3
20 Aug 23
As it relates to Brazil
(No comment added)
Transcript
2023 Q3
20 Aug 23
the goal is with some of the modest production cuts that we took in the fourth quarter is that we would end the year there with inventory really at target
(No comment added)
Transcript
2023 Q3
20 Aug 23
by year-end, we expect both new and used inventory levels to be below historic levels on a unit basis
(No comment added)
Transcript
2023 Q3
20 Aug 23
used gear inventory for both combines and tractors remains about 20% lower than the seven-year average on a unit basis
(No comment added)
Transcript
2023 Q3
20 Aug 23
we saw a 10% decrease in used inventory since May
(No comment added)
Transcript
2023 Q3
20 Aug 23
while we have had some success increasing inventory from historic lows, inventory to sales ratios still remain well below target levels
(No comment added)
Transcript
2023 Q3
20 Aug 23