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ICH and FIat raising their parts price 41% Sept. 1st???

J

JD Seller

Well-known Member
I have heard that from two different CIH customers that their local parts guys told them that starting Sept. 1st that parts pricing is jumping 41% on CIH and Fiat/NH parts?????

Some thing about Fiat having to bailout the Titian dealership group???

Any one else heard this??? Any truth to it or just another rumor???
 
I don't know about them but the packing for a dipper stick cylinder on our Kabelco excavator went from $600 to $900 and something in 4 months.
Ron
 
Sounds like too much of an increase to be true. 41 percent would turn customers away in droves. I haven't heard or read any news about Titan. I'll Google it right now. Jim
 
Whooh, I didn't know Titan's shares were dropping so fast and hard. Shares are at a four year low as of the first part of August 2014. Doesn't sound good for them going into a bad time for farm machinery sales. Jim
 
Just to be clear these people you mention are current customers of Titan? These are not other dealerships being forced to raise prices?
 
Fiat owns CaseIH and New Holland....Titan is the name of a chain of dealerships that sell New Holland and CaseIH. Other dealerships will be forced to raise prices or sell parts at a loss.
 
NO, these are customers of other dealerships. It sounds like Fiat is making the move to cover their exposer with acquiring Titian Equipment.

I know Titian Industrial division closed some stores in the Plains States.

I think we will see several of the big chain type of stores go bankrupt in the next several years. This is Green and red both. The problem of high dollar trade-in equipment will affect all brands but the main two the worse.

The Glory days of new iron sales will swing back from the record levels of the last few years.
 
Titan is into Wells Fargo for a BILLION dollars. They have had no positive cash flow since they went public, yet they increased equipment inventory by $400 million plus... Alot of the financial rags are expecting Titan to file for bankruptcy protection in October, Going to be a crash felt through out the whole midwest.... Bigger isn't always better......
 
Since most dealers rely on their parts departments to carry them through the lean times this will certainly create problems for other dealers. Will this create a problem for operations such as Messick's that market outside their geographic territories. Actually, I have already heard of beefs of dealers operating outside their territories so it will just get worse till the manufacturer intervenes.
 
If it is the Titan Machinery that has taken over most of the CIH dealerships in the Dakotas as well as other states, I would like to see them go "belly up". Their parts service around here is poor at best. All you have to do to be a parts man at the local store is say, "We can order it." Our local IH dealership was owned by a local man. When Case, or Tenneco or whoever it was, bought IH out, they took away the dealership from the local man and opened a company store. Service was still pretty good. Then the company store sold to a dealership in a neighboring town. Service was still pretty good. Now Titan comes in and buys them all out. Service really has went downhill since then. Case/IH has taken away the dealerships of most of the businesses in our area, forcing us to do business with Titan, or switching brands, but John Deere is doing the same thing around here. Those are the only options around here unfortunately.
 
John Deere has done the same around here the past 2 years, went from single and 2 dealership chains to combine -about 20 of them together, terrible service now, nothing is available, shipping and 10 different fees added to anything you do from what I hear. Lot of people looking at Red from what I hear.

We have a real good Pair of Red dealers around, they have 3-5 dealerships each, but they actually care about customers and have real parts people with real parts on the shelves.

I think its gonna get tough for dealerships, $6 corn going to $3.50 corn something has to give........

Typically iron and fertilizer are the first to give.


Paul
 
Green and Red/Blue have been demanding mega-stores and other genius things from dealers (Do you think a dealer needs a "customer lounge"?), especially in the last 5-10 years, pushing solvent and sensible dealers out to pave the way for the Titan mega-chains of the world. It's always supposed to be for the betterment of the customer, but it seldom works out that way. Perhaps finally what has been done onto the customer will be done to the manufacturer.

Equipment mfr.'s are also surely seeing that new iron isn't going to be moving out the door nearly as fast anytime in the forseeable future as it was in the last couple of years. They're going to try and protect their stock price somehow. Bumping up parts pricing will only make up some of the difference.

Rumor has it CNH is going to order dealers to stock Vaseline. They will put a CNH part number on it and retail it at $32 a jar. If the parts price increase is true, you'll need it, and because it's an OE product, it's gotta be good.

AG
 
Several months ago there was an article concerning Titan. The business reporter who wrote it stated hat he expected Titan to fail because of cash flow and lack of a business plan. Won't be too bad for me. Most of my stuff is older and parts are available from other sources. Guys that own newer stuff are going to be on the hook is parts prices do go up 41%. Sad thing is here I've got a choice between Titan, RDO JD and a really bad AGCO dealership. May have to look at going green in the future.

Rick
 
The sad part is that Titan plus the others involved will want to hang on to that 41 percent long after the problem has been taken care off. The parts department keeps a lot of operations afloat in tough times. I think a lot of dealer salesmen are going to get laid off in the next few years. I would expect that there may be some layoffs plus reduced hours in the parts department. The store manager might have to be more hands on in the building than he or she ever imagined.
 
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