Although recent reports indicate a continued downturn in the agricultural equipment industry, a reversal in inventory growth seems to suggest that the market is slowly repairing itself.
Benjamin Duyck, AEM market intelligence director, said the net rising index year-over-year for both demand and employment continue to be negative in AEM's Q1 2015 North American agricultural industry conditions trends report. Also, both are lower than the previous quarter.
However, the trend in inventory growth is more positive, Duyck said. In Q1 2015, fewer manufacturers indicated that their inventories or those of their dealers were too high versus earlier quarters.
"The reversal in inventory growth at dealership levels seems to indicate that the market is slowly repairing itself and dealers are starting to decrease the amount of equipment on their lots," Duyck stated.
For more information, contact AEM Market Intelligence Director Benjamin Duyck (email@example.com, tel: 414-298-4154).