OPE Business September 2023 | Page 15

market data to be up . In Q1 , that number was 41 percent . Meanwhile , in Q2 , 41 percent expect business to be down for the year , and in Q1 that number was just 31 percent .
60 %
CURRENT INVENTORY LEVEL : HOW WOULD YOU CHARACTERIZE YOUR CURRENT EQUIPMENT INVENTORY LEVEL ?
External Risk Factors We asked : Which of the following external risk factors are you more concerned about ? ( Dealers choose multiple responses .)
In this Q2 survey , we see that dealers are less concerned about consumer financing , with 49 percent noting that as a concern compared to 65 percent in the Q1 survey . Still , 75 percent of respondents did note a concern about price inflation and that ’ s a lot , historically , for this survey .
The U . S . political environment remains a cause for concern among OPE dealers , at 47 percent in Q2 compared to 52 percent in Q1 . We might see that increase over the next few quarters as political activity heats up . Political issues outside the U . S . have eased in dealers ’ minds ; just more than a third have concerns about this in Q2 , compared to 52 percent in Q1 .
Current Inventory Level ?
The big change from Q1 to Q2 , and it ’ s fitting with the trend of
50 %
40 %
30 %
20 %
10 %
0 %
9.8 %
49.0 %
41.2 %
Too low About right Too high
slowing business overall , is that 28 percent of dealers considered inventory to be “ too low ” in Q1 , and in Q2 it ’ s just under 10 percent who said , “ too low .” On the flip side , 21 percent or respondents said their current inventory level was “ too high ” in Q1 , and that jumped up to 41 percent in Q2 .
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www . OPEBusiness . com September 2023 OPE Business 15