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TomYaz 
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Joined: 14 Sep 2009
Location: PA
Points: 10325
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 Topic: AGCO NA sales drop again....
Posted: 27 Jul 2010 at 8:59am |
For 2nd qtr 2010:
"In the North American region, sales in the second quarter of 2010 declined approximately 19.3% compared to the second quarter of 2009, excluding favorable currency translation impacts. Lower sales of utility tractors and hay products produced the decline in the North American region."
Heckuva job Ritchie! That Massey all over NA plan working swimmingly!!
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Nathan (SD)
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Joined: 11 Sep 2009
Location: Day County SD
Points: 1265
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Posted: 27 Jul 2010 at 9:09am |
Wait till the numbers come out when all the AGCO brand inventory is gone. Their are guys still buying a orange tractor out of pure love of the color. When those last AGCO badged ones are gone it will really hit the fan.
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farmtoybuilder
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Joined: 11 Sep 2009
Location: Dresden,Ohio
Points: 1455
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Posted: 27 Jul 2010 at 9:24am |
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It's not only Agco's sales! All sales are down! Some how we've got to get manufacturing and good paying jobs back in this country!
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5 different TT-10's,5 TT-18's Terra Tigers,B-10,2 B-207's,B-110,2 B-112's,HB-112,B-210,B-212,HB212,2 Scamp's & Homilite T-10. Still hunting NICE HB-112 & anything Terra Tiger & Trailers for them.
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PeteMN
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Joined: 12 Sep 2009
Location: Hutchinson, MN
Points: 196
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Posted: 27 Jul 2010 at 11:17pm |
The NA market is not their primary focus, same as when Deutz owned Allis. And we all know how that turned out.
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Lonn
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Joined: 16 Sep 2009
Location: Назарово,Russia
Points: 29791
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Posted: 28 Jul 2010 at 6:10am |
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Yep, Deutz bellied up.
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-- --- .... .- -- -- .- -.. / .-- .- ... / .- / -- ..- .-. -.. . .-. .. -. --. / -.-. .... .. .-.. -.. / .-. .- .--. .. ... -
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I am a Russian Bot
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Brad MI
Silver Level
Joined: 12 Sep 2009
Location: Arcadia MI
Points: 339
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Posted: 28 Jul 2010 at 7:07am |
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I see they are referring to AGCO as "AGCO, Your Agriculture Company" rather than Allis Gleaner Corp.
Edited by Brad MI - 28 Jul 2010 at 7:07am
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John (C-IL)
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Joined: 11 Sep 2009
Location: Illinois
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Posted: 28 Jul 2010 at 7:53am |
It's always interesting to read the fine print and interpret what they are saying by reading between the lines.
We face significant competition and, if we are unable to compete successfully against other agricultural equipment manufacturers, we would lose customers and our net sales and profitability would decline.
We have a substantial amount of indebtedness, and as result, we are subject to certain restrictive covenants and payment obligations that may adversely affect our ability to operate and expand our business.
NSS! If it weren't for SA sales I'd say that AGCO would be in deep doo doo! Overall industry tractor sales were up 2% while AGCO tractor sales fell 19%. Seems like an ominous foreboding of what could happen in the future.
Reading between the lines, "There is just so much that happens that we have no control over, the wind the rain and the sun, suppliers, the cost of money and the value of currency. We have no clue what our customers want so we don't know what to make. We have a pile of debt that could cause us to not operate the way we would like. The future cost of employee retirement benefits and severence costs could impact our working capital and thus our ability to expand production and sales. We have a bunch of equipment sold on financing agreements and if those would happen to default we won't have that money either."
Edited by John (C-IL) - 28 Jul 2010 at 7:55am
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Mark D.
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Joined: 14 Sep 2009
Location: Ubly, MI
Points: 215
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Posted: 28 Jul 2010 at 9:23pm |
Heard all over AgDay the last two days how equipment sales were up. I believe AGCO is feeling the heat of the orange paint loss already. We almost ordered a new White Planter a couple weeks ago but the local dealer was shut down 5 years ago and the dealer from 40 miles away sent out an IDIOT to try an sell us on it. Going green now.
Hey AGCO management.... CUSTOMER SERVICE AND LOCAL DEALERS SELL!!!!!!
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Miss Behavin - D21 Super Farm
Xcessive Tinkering - 190 XT Hot Farm Puller
Watch on YouTube - http://www.youtube.com/watch?v=J2TX1Af7aoA
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redline
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Location: Collins, IA
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Posted: 28 Jul 2010 at 9:44pm |
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Yup. You gotta have "boots on the ground" if you want to sell equipment. Maybe Deere and Case have people trained to travel halfway across the state to buy equipment, but AGCO doesn't have that luxury. At least not now. Maybe someday, but there is a lot of catching up to do. Quite a few poor decisions to recover from.
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If it weren't for the last minute, I wouldn't get anything done!
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GBACBFan
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Joined: 11 Sep 2009
Location: Green Bay WI
Points: 2662
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Posted: 28 Jul 2010 at 9:46pm |
Don't give up yet, boys. The AGCO Marketing Manager is checking into the problem as we speak.
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"The trouble with quotes on the Internet is that you can never know if they
are genuine." - Mark Twain
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Anthony
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Posted: 28 Jul 2010 at 10:55pm |
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ROFL I love it GBACGFAN!!!!!!!!!!!!
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JohnCO
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Location: Niwot Colo
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Posted: 29 Jul 2010 at 9:55am |
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Anyone see Deere's numbers? JD is on the same track, shutting down small dealers and consolidating the bigger ones. It still seems farmers are going to buy what is available locally, nobody wants to drive 50 miles or more for parts and "hand holding".
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"If at first you don't succeed, get a bigger hammer"
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TomYaz
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Joined: 14 Sep 2009
Location: PA
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Posted: 29 Jul 2010 at 11:50am |
 JohnCO wrote:
Anyone see Deere's numbers? JD is on the same track, shutting down small dealers and consolidating the bigger ones. It still seems farmers are going to buy what is available locally, nobody wants to drive 50 miles or more for parts and "hand holding". |
Deere is on a different qtr schedule. 2nd qtr for them was end of May which was up...
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redline
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Location: Collins, IA
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Posted: 29 Jul 2010 at 12:27pm |
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I'm thinking that picture could be somebody a little further up the chain of command. Just might be a couple of people at the very top that look like that.
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If it weren't for the last minute, I wouldn't get anything done!
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