![]() High levels of lease returns contributed to bloated used equipment inventories for dealers following a drop off in new equipment sales starting in 2014. since 2014 have been leased, up from 25% in 2012. The report also pointed out that more than 40% of the high horsepower tractors CNH has sold annually in the U.S. farm equipment market was booming because of high crop prices. Leasing levels are about double the rate they were in 2012, when the U.S. ![]() According to an October Wall Street Journal report, more than one-third of the financed purchases of Deere high horsepower tractors and construction equipment are being leased to farmers and builders. The major farm equipment manufacturers have turned to leasing machinery to offset declining demand for their equipment. You can send comments to Addresses Leasing Concerns Please feel free to send along any suggestions or story ideas. We’re interested in getting your feedback. Or if you have another app you use for listening to podcasts, let us know and we’ll make an effort to get it listed there as well. On the Record is now available as a podcast! We encourage you to subscribe in iTunes, the Google Play Store, Soundcloud, Stitcher Radio and TuneIn Radio. This episode of On the Record is brought to you by Walterscheid Powertrain Group, a global industry leader for highly engineered, mission critical powertrain systems and complete in-service support for the world’s leading off-highway and industrial equipment manufacturers.
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