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Having a very hard time wrapping my head around machinery prices
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Utrarep
Posted 8/7/2022 13:57 (#9785015 - in reply to #9783076)
Subject: RE: Having a very hard time wrapping my head around machinery prices


For the used side, service parts are a pretty significant part of the Deere’s sales and overall strategy.

“Our focus on lifecycle solutions led to higher parts sales – which increased to $7.8 billion – and is keeping customers connected with their dealers”

$7.8 / $44B = 18% of annual sales (see page 2 and 5)

Info is from the Deere annual investor report:
https://s22.q4cdn.com/253594569/files/doc_financials/2021/ar/Deere-C...
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