The Biden Administration announced increasing tariffs on lithium-ion batteries imported into the US from China. How will power-equipment tool manufacturers respond to the new 25% tariff rate (up from 7.5%)? Well, they have a couple years to figure it out. The tariff hike on non-EV lithium-ion batteries is deferred until 2026, giving US (or other non-China) battery makers time to increase production. I will be reaching out to equipment makers like Echo, Ego, Greenworks and others to learn about their plans. https://lnkd.in/eQBNMV3X
OPE+
Book and Periodical Publishing
Minneapolis, Minnesota 367 followers
Powering equipment dealer and landscape business success.
About us
OPE+ is the number-one brand serving outdoor power equipment dealers and landscape professionals. OPE+ provides its audiences with timely and critical information, as well as unique insights to help power success in a highly competitive market.
- Website
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https://ope-plus.com/
External link for OPE+
- Industry
- Book and Periodical Publishing
- Company size
- 11-50 employees
- Headquarters
- Minneapolis, Minnesota
- Founded
- 1959
- Specialties
- outdoor power equipment and power equipment dealers
Updates
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UTV dealers, how has this Kawasaki Mule issue impacted you?
Impact of the Kawasaki Motors Corp., U.S.A. Pro Mule stop sale. John Healy over at Northcoast Research just sent me this short thought article on the Mule fiasco. The timing on this recall could not have come at a worse time. Dealers had stocked deep for the prime spring selling season and Kawasaki had recently announced a permanent price reduction of $2000 on most of these models. 2024 was really going to be the year where Kawasaki's plan to gain market share actually came to fruition, otherwise they were just going to have to settle in to a comfy third place. While Kawasaki had wanted to establish themsevles as a dominant player in this segment, the long lasting impacts of this recall will set Kawasaki back at a minimum of 2 years (although probably longer). While KMC has offered a couple of programs to retain customers ($500 parts and vehicle credits), communication from the factory has been almost non-existant, and few dealers will be willing to utilize these programs without a cleary communicated timeline for a resolution. As NR points out in their posting, other OEs should easily be able to capitalize on this situation, with the possibility that with the recent release of 2025 models, Polaris Inc. may be able to inch out BRP for some of these conquest sales. There are a lot of Pro-Mules in the field and they are not only taking up critical space, but also now starting to drive other costs such as inventory insurance. Had Kawasaki done a better job on messaging, dealers would probably not be so upset, but now they are also having to field an ongoing stream of calls from upset owners. The worst situation for a dealer to be in is the middle-man between two parties, and to not have any answers to provide. In my recent discussions with dealers I am hearing an ongoing desire from dealers to have Kawasaki start picking up these machines, removing them from their floor plan, and returning them to the factory warehouses. In summary: Our recent channel work revealed a significant recall affecting Kawasaki's 2024 Mule Pro-FX, Pro-FXR, and Pro-FXT 1000 UTV models due to the intake manifold combusting, leading to potential fires. Consumers received recall notices in late April, with no solution or timeline provided by Kawasaki. The recall is expected to last for an extended period, impacting the prime Spring selling season. While Kawasaki competes with Polaris and Can-Am in the Utility (UTV) segment, this recall could shift market share dynamics, favoring Polaris and Can-Am, particularly with the opportunity to convert buyers to the 2025 Polaris Ranger models. With Kawasaki's recall ongoing and Polaris already releasing its 2025 models, there's a clear advantage for dealers to attract potential Kawasaki buyers to Polaris. To read the full article, click on through.... https://lnkd.in/eDF-qXg8 #Kawasaki #ProMule #Polaris #BRP #UTV #SxS
DOO PII: Kawasaki Recall a Potential Win for BRP & Polaris
northcoast.bluematrix.com
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Financial reporting calls are simultaneously boring and important to hear, especially like this morning's Home Depot call detailing the giant's Q1 2024 results. HD reported "sales of $36.4 billion for the first quarter of fiscal 2024, a decrease of 2.3% from the first quarter of fiscal 2023." And The Home Depot keeps talking about its "pro ecosystem" focus. Want more detail? Check our ope-plus.com later this morning - now back to the call.
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Need to learn more about this.
Business Developer & Ambassador | Asset Management | Snow Operations Management | Liquid Brine Deicer & Equipment | OPE Master Technician | Autonomous Mowing
Introducing the EVZ SCAG Mower. Say goodbye to the hassle of gas cans and high maintenance costs. The EVZ is the FIRST electric-powered unit in Scag’s mower lineup, offering a powerful and eco-friendly alternative for your lawn care needs. Whether you're this residential customer in Westfield, Indiana, or anywhere else, the EVZ is here to revolutionize your mowing experience. Experience the efficiency and reliability of Scag machines without the noise and emissions. Join the movement towards sustainability and less maintenance costs with the EVZ SCAG Mower. It's time to elevate your lawn care game and discover why Scag machines are Simply the Best.#EVZ #ScagMower #LawnCare #Sustainability #Innovation #McGavicOutdoorPower #Vanguard
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This sounds interesting. Where my tractor tik-tokers? https://lnkd.in/g67NRu54
The perfect job doesn't exi…John Deere Launches Nationwide Search for First-Ever Chief Tractor Officer to be the Face and Voice of the Company's Social Media
prnewswire.com
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Interesting data from our friends at Dealers Digital. Are you advertising on FB?
Sitting here breaking down year over year stats for Facebook ads we've run for our outdoor power equipment dealerships. TL/DR - Facebook is getting better. Google is still awesome. Dealers should use both to get most out of budget. For years we focused our ad spend in Google because of its superiority in lead quality and shopper intent. And while Google remains the king of capturing leads based on user intent, Facebook has made great strides in the last 18 months in howe we're able to target, track and convert leads. Our go-to strategy is still a mix of Facebook + Google, but we are committing more funds to Facebook than ever before. So if you're running your own ads, we'll give you our secret sauce right here: 1) Facebook is most effective for OPE dealers in short bursts (that match national promotional windows) 2) As campaign time gets longer, audiences must be adjusted to encourage new eyeballs and creative fatigue (lookalike audiences for the win) 3) We still love Google. Lead quality tends to be slightly better here and intent is king. 5) Utilize Google display for more eyeballs at economical price. 6) SEM/Search can get dicey at the individual dealer level because we may end up competing against ourselves when national agencies run SEM for manufacturers and point to dealer locator microsites. This is why dealers use us. Measure. Analyze. Adjust. Win.
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Sharing this news and we will dig into more on this story soon https://lnkd.in/gSiNDvZK
Home Depot to acquire SRS
https://ope-plus.com
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The outdoor power equipment industry is evolving; so are we. Announcing OPE+, the information source for outdoor power equipment and landscape professionals. OPE+ mixes education, data analysis, journalism and marketing to serve changing industries and help businesses grow. This updated business-info source is brought to you by the pros behind OPEBusiness.com and LandscapeBusiness.com – now merged into OPE+. https://lnkd.in/dYFfr4jD