New Tractor Sales Are Declining

[ovrszd]

Most people aren't farming 40+ hours

Most people have glorified lawnmowers

Most people on here you mean. Around here they are active at the break of dawn and I still see lights in the fields when I go to bed.

 

[5030]

Most people on here you mean.

Exactly. For the most part, this forum is about 'hobby tractors', not ag use units.

 

[EddieWalker]

I could see nissian and mistubsibi having fire sales back when the rental market tanked.

yep… sticker 33,800 plus 10% tax, $1,000 license plus doc fees… call it around 38k

I think 24k out the door was a good deal with 7miles as equipped.

The best kept secret in the world is what a vehicle actually costs, and where the dealer makes a profit. I'm guessing that at $24K, the dealer still made a buck or two!!!

 

[5030]

I'm guessing that at $24K, the dealer still made a buck or two!!!

The best kept secret for sure. if the general public know what the markup really was, I believe there would be a revolt.

 

[Rdrcr]

The best kept secret for sure. if the general public know what the markup really was, I believe there would be a revolt.

New? Not likely. New vehicles generally have 3-7% markup. That’s it. Pretty shocking. The automotive manufacturers themselves are making a much higher percentage selling vehicles to their dealerships (that’s the best kept secret).

Mike

 

[hiddentacocatneddih]

Exactly. For the most part, this forum is about 'hobby tractors', not ag use units.

Yes on here. I'd venture to say most people have 35hp and under

 

[Bobctat2035]

Just saw this ad popup on Facebook. Haven't seen advertising in years.

 

[Bobctat2035]

The best kept secret for sure. if the general public know what the markup really was, I believe there would be a revolt.

You'd actually be surprised how little dealerships make on new cars. On a $30,000 car they're might make $2000-$2500. They make much more on trade ins/addons/upgrades/warranties/service and financing.

 

[Torvy]

The model is proven to make money. Too many people take the short view and not the big picture. Look at printer sales. Many are sold at a loss because the money is in ink/toner. The company isn't crying because the printers are losing money, they are looking at the net profit. Car manufacturers and dealers are no different. Ditto with tractors.

 

[Hay Dude]

Most people aren't farming 40+ hours

Most people have glorified lawnmowers

Probably true here, but it is a tractor website, not just a small tractor, or low use tractor website.

I do see some smaller tractors now available with suspensions, and other comforts not found in years past. And they sell pretty well. I farm a duPont property and the owner is a descendant with a lot of coin. They just bought a loaded-up 60HP Kubota for estate chores. The groundskeepers love it.