Deere Exec Says Many Product Lines Anticipate Retail Demand Under Production For Balance Of The Year; Increases In Used Inventory Levels, Particularly Late Model Year Machines Are Having An Impact On Purchase Decisions
Portfolio Pulse from Benzinga Newsdesk
Deere executives have indicated that many of their product lines are anticipating retail demand to be under production for the remainder of the year. Additionally, increases in used inventory levels, especially for late model year machines, are influencing purchase decisions.
May 16, 2024 | 2:14 pm
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Deere executives have indicated that retail demand for many product lines will be under production levels for the rest of the year. Additionally, the increase in used inventory levels, particularly for late model year machines, is affecting purchase decisions.
The anticipation of retail demand being under production levels suggests potential revenue challenges for Deere. The increase in used inventory levels, particularly for late model year machines, could lead to decreased sales of new equipment, further impacting revenue.
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