Cost of Doing Business Study
This study is based on a comprehensive survey of equipment dealerships and is designed to be representative of the equipment dealership industry as a whole. The study provides benchmark data and industry trends, enabling dealership owners and managers to compare their operations to those of their peers, and identify areas where they can reduce costs, improve efficiency, and boost their bottom line.
The Cost of Doing Business Study is a research project conducted by Equipment Dealer Consulting, LLC, a leading consulting firm for equipment dealerships. The study provides in-depth analysis and insights into the operating costs, expenses, and key performance indicators of equipment dealerships. The purpose of the study is to help dealership managers and owners understand the costs associated with running their businesses, and to identify areas where they can improve their operations to increase profitability.
The Cost of Doing Business Study typically includes a detailed analysis of expenses related to personnel, facilities, inventory, marketing, and other critical business functions. The study provides benchmark data and industry trends, enabling dealership owners and managers to compare their operations to those of their peers, and identify areas where they can reduce costs, improve efficiency, and boost their bottom line.
The study is based on a comprehensive survey of equipment dealerships and is designed to be representative of the equipment dealership industry as a whole. The results are reported in aggregate form, so individual dealership information remains confidential. The study provides valuable information that can be used to make data-driven decisions that will lead to a more profitable and sustainable dealership.
The 2022 CODB Study is now available for purchase!
The study is free to dealers who participated in the 2022 survey. To purchase a copy please click on one of the regions below or contact the North American Equipment Dealers Association office at (800) 762-5616 U.S. or (800) 661-2452 Canada.
Webinar Replay: An In-Depth Review of the 2022 Cost of Doing Business Study
Understanding the current financial state of the farm equipment industry is crucial to establishing benchmarks and comparisons for your dealership. Equipment Dealer Consulting LLC, the certified accounting firm affiliated with NAEDA, has released the 2022 Cost of Doing Business Study, a financial and business operations study providing you with straightforward guidelines for analyzing the profitability of equipment dealerships including all brands across the United States and Canada.
Financial Statement Submission Deadline is July 30, 2023 for CODB Study.
For more information on the 2022 Cost of Doing Business Study or for more details on the specific results from other geographic areas of North America, please contact your local association office or contact Curt Kleoppel at firstname.lastname@example.org or Lonnie Finch at email@example.com.
There are two ways to submit your financials:
- Submit financials through our secure online form that is sent directly to our team
- Submit by email or mail using the CODB Dealer form and Financial Spreadsheet form below.
Learn More About the Cost of Doing Business Study!
The CODB Study is published annually by North American Equipment Dealers Association and is one of the industry’s most valuable publications to equipment dealers and equipment dealer associations throughout North America. This respected study assesses the financial performance of equipment retailers who submit their confidential financial reports to the Equipment Dealer Consulting, LLC accounting team. The study presents composite income statements and balance sheets in addition to averages for key financial performance ratios for comparison to other dealers.
The 2023 Edition assesses the financial performance of equipment dealers who submitted confidential financial reports for 2022 to Equipment Dealer Consulting. Industry benchmarking data is provided to help establish dealership goals and budgets for future years, and it also assists in the valuation process of your business.
How to participate
The annual Study is made possible through the cooperation of the participating dealer associations and their equipment dealers who provide detailed financial and operational information for their individual companies. Questionnaires are emailed to all dealers in the participating association territories to collect detailed financial and operational information for the respective year. All completed questionnaires and financial reports were returned to Equipment Dealer Consulting, LLC., with the data being compiled by Curt Kleoppel, CPA, CVA, and his accounting team. All individual company responses are treated as strictly confidential.