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Dealers: Page 89
Dealers
Herc 3Q rental revenues jump 15%, profit quadruples
Herc Holdings is posting a jump of nearly 15 percent in equipment rental revenues for the third quarter of 2017 over the same period a year ago. And to meet increasing demand, the company plans a hefty hike in its capital expenditures. Equipment rental revenues for the third quarter were $413.1 million, a 14.7 percent […]
November 13, 2017
Dealers
Yanmar opens new Ga. training center with dealers, brand outreach in mind
Two years ago, the Yanmar corporate office started to re-examine its brand with this question in mind: Does everyone know who Yanmar is? When it came to North America, the answer was, sort of. Its marine motors are well-known among recreational boaters, but its construction equipment, tractors and myriad other products don’t share the same […]
November 10, 2017
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December 31, 2025
Dealers
AGCO posts 12.8% 3Q sales jump
Despite low market demand, AGCO is reporting net sales of about $2 billion– up by 12.8 percent for the third quarter of 2017 compared to the same period a year ago. AGCO, which makes and distributes the Massey Ferguson, Challenger, Fendt, Valtra and GSI brands of agricultural equipment, reported net income at 76 cents […]
November 9, 2017
Dealers
Vandalia Rental opens third branch, expands to Cincinnati area
Vandalia Rental continues its growth with the opening of a new location in Sharonville, Ohio, in the greater Cincinnati area. The third-generation family-owned business marks its second opening of a new location in less than two years. It opened a branch in Franklin, Ohio, in June 2016. The company is based in Vandalia, Ohio, where […]
November 8, 2017
Dealers
ASV new machine sales soar 89% in 3Q as dealer network continues to grow
ASV Third Quarter 2017 Highlights $30.6 million in net sales represented a year-over-year increase of 33 percent over $23 million in the third quarter of 2016. Machine sales revenues increased 60.1 percent to $19.8 million, led by an 88.7 percent increase in new machine sales through ASV’s growing distribution network. Net income increased $0.1 million […]
November 7, 2017
Dealers
Equipment Roundup: Cummins unveils first crate engine; Cat’s new universal coupler; Dealers preview new Kubota machines; Liebherr PR 766 dozer; Eterra Typhoon 74 brush mower
Cummins unveils its first crate engine, the R2.8 Turbo Diesel Admit it. You’ve always wanted a diesel. You dreamed of what you could do with that torque. Now you can have one and retrofit it into an older truck or Jeep and not have to pay a fortune for a new model. At SEMA Wednesday, […]
November 7, 2017
Dealers
Volvo CE parent enters U.S. securitization market for first time
According to a story on the website Asset Securitization Report, AB Volvo will enter the the U.S. securitization market for the first time to fund lines of credit for its truck, construction equipment, bus, marine and industrial engine dealerships. Previously, the company’s captive finance Volvo Financial Services funded lines of credit elsewhere, says the website. […]
November 7, 2017
Dealers
Business Roundup: Liebherr sees orders jump; Tax overhaul a mixed bag for dealers; Proposed AWP standards would affect rentals; Dealer Institute course on managing iron; New Atlas Copco VPs; Construction starts predicted to rise
Liebherr sees “significant” jump in orders; uses start-up culture to launch products Liebherr says it will add 2,240 employees by the end of this year, seeing what Stefan Heissler, member of the board of directors of Liebherr-International AG, calls a “very significant jump in orders” in 2017. In the first six months of 2017, Liebherr […]
November 7, 2017
Dealers
Cat dealer given OK to establish distribution center in Cuba
Almost two years after Caterpillar—then symbolically—named Rimco as its dealer in Cuba, the Miami Herald is reporting that Cat’s Puerto Rican dealer has been given the OK to set up a warehouse and distribution center in the country. And a Cuban newspaper has reported that a shipment of John Deere agricultural equipment was expected to […]
November 6, 2017
Dealers
Dealer Institute offers course to better manage used iron
Dealers understand that having the right inventory is the first step to increasing revenue and profitability. To that end, the Western Equipment Dealers Association (WEDA) is offered a course on how to best manage this key asset. The iron management course on used inventory control focuses on your organization’s key leaders and staff, according to […]
November 2, 2017
Dealers
Dealers preview Kubota’s new compact excavators, RTV, tractors
Dealers got a hands-on preview of Kubota’s two new compact excavators, available in early 2018, as well as the company’s fastest gas-powered RTV yet and seven new tractors in the M Series lineup. About 1,100 dealers attending Kubota’s annual meeting October 21-25 in Phoenix, Arizona, saw the KX033-4 with extendable dipper arm along with the […]
November 1, 2017
Dealers
Proposed aerial-lift standards would affect rental dealers, contractors
New standards could soon be coming to the U.S. aerial work platform industry that will lead to major changes to the machines, how rental shops deal with their customers and how contractors plan projects. Manufacturers, such as Genie, are already making plans for the ANSI A92 standards with design changes to their aerial lift products, […]
October 31, 2017
Dealers
EDA: Tax overhaul plans bring benefits, concerns for equipment dealers in U.S and Canada
Equipment Dealers Association (EDA) says a new plan for overhauling the U.S. tax code could benefit dealers and their customers in a big way. But they’re also worried dealers could be hit hard as tax writers hunt for revenues to pay for reduced tax rates and other reform proposals. The FY18 tax reform plan […]
October 31, 2017
Dealers
Equipment Roundup: CTLs becoming more powerful; New Genie XC platforms; First Look at International HV Series; New JCB CTLs; Hyundai HX130LCR excavator
Genie’s new XC aerial platforms add capacity, meet ANSI standards Genie has unleashed a slew of improvements to its aerial work platform models under the XC label. The XC stands for “extra capacity,” and the company has added four telescopic boom models to the XC lineup – the S-60 XC, S-65 XC, S-80-XC and S-85 […]
October 31, 2017
Dealers
Business Roundup: OKC plant key to Genie’s global play; Doosan Bobcat donates machines for training; Volvo to sell Allied hammers; Proxibid, RES deal
Oklahoma City plant part of Genie’s response to global competition Genie sees its Oklahoma City facility as a perfect example of where the aerial device manufacturer’s future lies – the result of global growth and local responsiveness. The company breathed new life into the plant that had once manufactured parent company Terex’s road paving equipment. […]
October 31, 2017
Dealers
Proxibid selected as online bidding provider for RES Auction Services
Ohio-based RES Auction Services, poised to open a sprawling new equipment yard, has selected Proxibid as the exclusive provider of online bidding for its auctions. The first RES equipment auction in the new yard will be at 9 a.m. November 18. Bidders can participate in person at the auction facility in Wooster, Ohio, as well […]
October 30, 2017
Dealers
Strong rentals, sales and record utilization boost H&E 3Q revenues 5.9%
At a glance: Third-quarter revenue results: New equipment sales increased 9.3 percent to $48.9 million, up from $44.8 million a year ago. Used equipment sales increased 7.9 percent to $22.3 million, compared to $20.6 million a year ago. Parts sales rose about 1.6 percent to $27.8 million from $27.3 million in third-quarter 2016. Service revenue remained the same – $16.1 million. Driven by strength in […]
October 27, 2017
Dealers
Volvo dealers to sell Allied hydraulic hammer products
Volvo Construction Equipment dealers will now sell Allied hydraulic breakers and other aftermarket attachments through a new partnership of the two companies. Volvo has decided to drop its line of similar products and instead offer the Allied products through its North American dealers. “Instead of competing with industry leaders like Allied, who exclusively sell breakers, […]
October 26, 2017
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