Number of Farm Equipment 'Big Dealerships' Growing
USAgNet - 04/18/2012
There are at least 16 more farm equipment ownership groups in Ag Equipment Intelligence's "Big Dealers" club than at this time last year. According to Farm Equipment magazine, the trent signals an uptick in the pace of consolidation of North American farm equipment dealerships.
Ag Equipment Intelligence and Currie Management Consultants have been tracking dealer consolidation since 2009.
"In 2009, we estimated there were 151 of these dealerships in the U.S. and Canada," the report stated. "This number grew to 162 in 2010, or 6.8%. By 2011, the numbers of Big Dealers rose to 171 groups, an increase of 5.3%. During the past year, 16 additional owner groups joined the ranks of "Big Dealers,"
a growth rate of nearly 9% vs. the previous year, bringing the total to 187 owner groups."
Big Dealers are defined as those ownership groups that own and operate five or more retail locations selling farm equipment.