Farms.com Home   News

How Will the UAW Strike Impact Customers' Purchasing Plans?

As part of a recent survey from Farm Equipment, conducted from May 3-4, when asked how they anticipated their customers' planned purchases to be impacted by the strike if it lasted 30 days or more, responses from Case IH and New Holland dealers were mixed. Many felt the impact of the strike would do little to affect an already difficult supply chain situation, with one New Holland dealer saying, "My customers already know we are not going to get much until fall anyway, and that was going to be very limited since we are a NH dealer."

Another Case IH dealer agreed, saying, "Equipment is already sold through fall, so impact would be on Q4 2022 / Q1 2023. With equipment already in short supply, I don't think this will change behaviors."

Still others were more concerned about the outcome, where one Case IH dealer stated, "Customers are reaching a point where price increases are starting to be met with less reception. Couple that with the unions demanding more while ag inputs are up and margins are down is not good image. I do not feel this will make my customers want to buy equipment."

More than one CNH dealer mentioned the possibility of their customers moving on to other brands if unable to get equipment from them. "Customers will go to whom ever has the equipment they need/have to have..No inventory no sales," said one New Holland dealer. Another Case IH dealer said, "Our competition (Deere/AGCO) have caught up and are well supplied. This is being used against us at this time."

Source : Farm Equipment

Trending Video

A Reopening of the Strait of Hormuz is Bearish Long Team Diesel/Fertilizer!

Video: A Reopening of the Strait of Hormuz is Bearish Long Team Diesel/Fertilizer!


The Iran/U.S. peace deal and the reopening of the Strait of Hormuz is bearish farm diesel prices and fertilizer.
A peak in crude oil = a peak in soy oil futures + a peak in canola futures short-term.
The SpaceX IPO increased Elon Musk’s net worth by $300 billion in 1 day more than what Warren Buffet made in his entire lifetime! WOW!
The NEW Fed chairman Kevin Warsch was too hawkish and hates providing guidance and visibility on interest rates. U.S. $ Index breaks above $100.
Cattle on Feed BULLISH!
S&P Global shock- the U.S. could lose 30 million corn acres by 2050. They say we need E15 mandated now!
China has started buying U.S. soybeans, but we need more volume.