Signaling a Bottom in the Market - MIP #456 - with Jon Wommack


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Dec 11 2024 42 mins   3

Takeaways

The fourth quarter shows signs of improvement in equipment values.

Proactive adjustments in market guides can lead to better outcomes.

Auction data is crucial for understanding market trends.

Consistency in advertised prices is emerging in the marketplace.

Indicators suggest we may be nearing the bottom of the market.

Economic factors, including corn futures, influence dealer optimism.

Inventory management remains a significant challenge for dealers.

Upgrade kits are becoming more prevalent but complicate valuation.

Feedback from dealers is essential for refining market strategies.

The relationship between auction and retail values is critical for market stability.

Chapters

00:00 Thanksgiving Reflections and Family Time

09:46 Assessing the Bottom: Indicators and Predictions

19:01 Optimism for 2025: Economic Indicators and Market Dynamics

24:56 Upgrade Kits: Trends and Market Implications


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