Market Watch

[Torvy]

I watched that today, too. The part he missed entirely is that as the economy worsens, more buyers will gravitate toward the lower priced brands and take market share from the "duopoly".

He said that JD and Kubota have always been the duopoly. I guess Neil is young and didn't study tractor history. Kubota wasn't even import to the US until 1969. John Deere wasn't a top 3 brand until the mid 60s. The point is that the changes over time also affect the 'top' brands. Kubota and JD both were economy brands until they gained market share.

He also badly overstated the 'brands'. Many of them are just marketing opportunities for manufacturers (TYM, for example, makes all Bad Boy and RK tractors). Kioti makes Bobcat, etc. Even if those marketing brands go away, parts will still be made.

Overall, he is not wrong that one or more brands will go away (I made that point on another thread that Neil even replied to). Sometimes, though, these statements by the big brands are calculated to scare customers away from buying brands with lower prices. It becomes a self-fulfilling prophecy. If he scares away enough buyers, it will be even more certain that brands will go away.

 

[5030]

I've always maintained that 'you can only slice the pie so thin and someone don't get the slice'

 

[jyoutz]

I watched that today, too. The part he missed entirely is that as the economy worsens, more buyers will gravitate toward the lower priced brands and take market share from the "duopoly".

He said that JD and Kubota have always been the duopoly. I guess Neil is young and didn't study tractor history. Kubota wasn't even import to the US until 1969. John Deere wasn't a top 3 brand until the mid 60s. The point is that the changes over time also affect the 'top' brands. Kubota and JD both were economy brands until they gained market share.

He also badly overstated the 'brands'. Many of them are just marketing opportunities for manufacturers (TYM, for example, makes all Bad Boy and RK tractors). Kioti makes Bobcat, etc. Even if those marketing brands go away, parts will still be made.

Overall, he is not wrong that one or more brands will go away (I made that point on another thread that Neil even replied to). Sometimes, though, these statements by the big brands are calculated to scare customers away from buying brands with lower prices. It becomes a self-fulfilling prophecy. If he scares away enough buyers, it will be even more certain that brands will go away.

I keep hearing people talk about a worsening economy, yet we are seeing bidding wars on homes in my rural area and the stores are jammed full of people buying. Roads are busy and traffic is worsening. It sure doesn’t seem to me like people are hesitant to buy.

 

[CloverKnollFarms]

Those videos come off so pompous...

The youth today don't know a lot about history... It's like the world began in 1990.

Prices have skyrocketed. Incomes have not kept pace. Borrowing has gotten more expensive. Everything else people have to pay for, has been inflated too.

In Indiana and Kentucky DOM has been increasing for homes, and most have price reductions attached. Personal debt is at an all time high... That can only continue for so long. People are spending on credit cards, because they are unwilling to accept that their lifestyle has to change. Sadly, it does, it will, but it will be learned the hard way by many.

 

[tacticalturnip]

I keep hearing people talk about a worsening economy, yet we are seeing bidding wars on homes in my rural area and the stores are jammed full of people buying. Roads are busy and traffic is worsening. It sure doesn’t seem to me like people are hesitant to buy.

Glad New Mexico is booming; Maine is a shitshow.

 

[jyoutz]

Glad New Mexico is booming; Maine is a shitshow.

I think most of the west is booming. I travel a lot within the western half of the country. Except for the very rural or less desirable locations, everywhere seems to be booming.

 

[Cahaba Valley Farm]

Interesting Messicks video on the Compact tractor market;

Mike

That's funny, I'm watching this on my television at the moment.

He makes some valid points, but also has some obvious bias; I also don't think the companies he most wants to see gone are going to be going anywhere. I don't see Kioti or TYM leaving the U.S. market any time soon.

Regarding that Cub Cadet, it's a Daedong DK series? Couldn't parts be found from a Kioti dealer?

Thanks for sharing guys

 

[Hay Dude]

Glad New Mexico is booming; Maine is a shitshow.

PA not far behind

 

[Hay Dude]

Interesting Messicks video on the Compact tractor market;

Mike

Messicks is raking in money by the dumptruck load.
I just got a n invoice for a visit by one of their techs to help me fix my baler.
The bill was just insane. I can’t afford them anymore.

 

[ultrarunner]

Sorry to hear that and experiencing similar just about across the board on field service…

As the new normal continues to sink in I expect more belt tightening plus some saying no more and most doing with less.

If you follow the money as my neighbor would say… higher energy costs has to be a factor plus things here like tax increases or new taxes… a sales tax from 9 to 10% is more than a 10% jump and so far we pay…

A new car or tractor with taxes pushing 11% means just the tax is more than I paid for almost every car I’ve ever bought.