Used Equipment Inventories
The best things I have observed during my travels across Nebraska is that used equipment inventory on dealer lots is the lowest I’ve seen in many years, going all the way back before the boom selling years. Dealers should be in an excellent position to trade equipment without increasing their used inventory to unmanageable levels. I also believe dealers remain much more cautious about the amounts they allow for trade-ins. The lessons have been learned about over-allowance. The question is, how long before we forget? Our industry always seems to forget this lesson.
Mark Your Calendars! NE Legislative Breakfast
This year’s Legislative Breakfast will be held January 24 at the Nebraska Club, located on the 20th floor of the U.S. Bank Building at 233 South 13th Street in Lincoln. The Capitol is currently undergoing major heating and air conditioning renovations, so the room we usually use has been turned into office space for the duration of the remodel. Start time for the breakfast is 7:30 am. I hope to see you there.
Right to Modify: A Troubling Observation
INEDA has been working very hard on the “right to modify” issue. At this time, I am unaware of a bill being introduced in this years’ session. What I am very concerned about is that some users of our products seem to feel that increasing the horsepower on their machines by altering the ECU software is an accept- able practice. Some Nebraska dealers have indicated that they believe nearly 50% of their trade-in tractors and combines have had the horsepower increased.
The time is now for dealers to start talking with their customers about this practice, explaining that it’s unacceptable, reflects negatively on the integrity of the industry, and that values of trade-in machines that have been altered must be lowered. Many years ago serious issues in our industry arose when hour meters were altered by customers and dealers. The state’s attorney general got involved and threatened a serious reprisal to customers and dealers. This is no different than odometers turned back on cars. Our industry needs to find a resolution to this issue soon or I believe government will get involved, which could increase expenses to dealers and customers. Hopefully, our industry and product end users will police themselves and stop this from reaching that point.
nebraska SALES TAX spotlight
Q: A:
Is seed flow lubricant, graphite or talc that is mixed with the seed in a planter subject to sales tax in Nebraska? Yes, since it isn’t a repair or replacement part and wasn’t part of the original equipment purchase.
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