Is Inventory Strangling Your Neighborhood Equipment Retailer?

Рет қаралды 8,357

Күн бұрын

Пікірлер: 27

@whatnotzone6866 6 ай бұрын

My local Kubota dealer wants $28k for an L2502 Hst. That's before financing fees, assembly fees, and sales tax. Utv's cost $15k to $30k. That's why the inventory is piling up!

@johnc7512 6 ай бұрын

I didn't think there was sales tax on tractors?

@jollyg83 6 ай бұрын

@@johnc7512There’s sales tax on virtually everything you buy in the world. Perhaps you meant interest? A lot of dealers have 0% interest rates deals.

@Kevin-ne3tl 6 ай бұрын

@@johnc7512 There are, if you don't list the purchase as agricultural. Then you're possibly having to deal with the evil IRS. I bought my L2501 DT (in my pic) in 2018 for 15,999, and that included a rear grader blade. Bought a box blade as well, and I think after taxes and all it was 18K and some change.

@andrewahern3730 6 ай бұрын

@@Kevin-ne3tl"evil IRS" lol

@whatnotzone6866 6 ай бұрын

@johnc7512 I can't get agricultural use. That's why I would have to pay sales tax. The sales tax is 9.8%.

@unemployedredneckhillbilly2023 6 ай бұрын

I have been thinking about a new Kubota tractor and they are offering good rebates but the price increases have basically negated the rebates this year. Now looking at a Kioti equivalent that I would have never considered in the past. Consumers also have to adjust loyalty to keep up with inflation. Lots of inventory on the lots around me for the first time in years but it seems to just be sitting.

@BarryKramer-vn4wt 6 ай бұрын

I think today’s economy has caused buyers to hit the pause button, in addition to the comments on the video. Good interview Mike.

@johnhelbig7110 6 ай бұрын

We sold our Missouri dealership at the end of 2020. In the fine print of our manufacturer’s contract was the rule that the new inventory would only transfer to the new owner IF that inventory was less than 24 months old. So at the end of the day, we had all our used inventory and some “aged” new inventory that we had to move to another lot and continue selling. We (the two owners) chose to continue selling it retail, rather than auction it and it took about 12 months or so to get all those pieces gone.

@andrewdonohue1853 6 ай бұрын

I have a bx2350. It's almost 20 years old. It needs a seat and has a small steering leak. It's otherwise mechanically decent. Not paying these prices

@jeffshiner6087 6 ай бұрын

Good video and a tough situation. It will be interesting to see if the second hand market will similarly become flush with product from those who bought over the last few years.

@mikeskidmore6754 6 ай бұрын

The Dealers should be able to approve what gets ordered AI should be just a suggestion .

@johnc7512 6 ай бұрын

Rational people won't buy these new machines they are to expensive.

@Spitzer3964 6 ай бұрын

In my opinion prices will not come down. I think prices will stall until wages slowly creep up.

@KPVFarmer 6 ай бұрын

Prices and interest rates being up are causing many to not even step on the lot and especially making big purchases.

@WS-gc6df 6 ай бұрын

The sound and echo in the room is not good in my opinion...

@jamielawson1534 6 ай бұрын

What I see as the 2 big reasons the public has hit the pause button, and I'm in that group, is the country's economy is a disaster and waiting to see if the people wake up and take their country back, and the outrageous prices on the equipment. A new side-by-side is $20,000.00 and up, and many times used side-by-sides are $15000.00 and up. 98% of working people can't afford those prices in this train wreck economy.

@johnc7512 6 ай бұрын

Amen!!