Category: News

In September the IRS released final regulations that clarify bonus depreciation and interest expense for dealerships with floor plan financing. To the extent that overall interest expense, including floorpan interest, is below 30% of adjusted taxable income, a dealership will be able to take a 100% bonus depreciation. Eligibility is determined on an annual basis,…

Rotary Corp. has named Alex Phillips territory manager for Virginia, West Virginia and Maryland, according to an announcement by Mark Smith, chief sales officer.  Phillips, whose been in the power equipment industry for the past eight years, will be responsible for business development, sales and support for Rotary dealers in his three-state territory. “Alex understands…

Bob Clements International (BCI), the leader in dealership training and development, in conjunction with the Equipment Dealers Association (EDA), is launching “Dealership Certification,” a series of training courses aimed at creating a benchmark of excellence in dealership operations.  With over 30 years of expertise working in dealerships with owners and managers, BCI powers this program…

Stihl Inc., headquarters for U.S. operations of the worldwide Stihl Group, celebrated a new administration building and campus improvements during a ribbon-cutting ceremony on Oct. 10. The over $30 million project is part of the company’s continual investment in infrastructure in support of growing U.S. operations. The new 80,000-sq. ft. building brings the sales &…

The Propane Education & Research Council (PERC) donated $5,000 to Project EverGreen’s GreenCare for Troops program as part of an in-booth promotion conducted throughout GIE+EXPO week for contractors. PERC announced the amount after tallying the total number of entries to its in-booth trailer giveaway sweepstakes. On behalf of each contractor who entered the in-booth trailer…

ECHO—For nearly 50 years, Echo has been setting the standard for the power equipment industry. Our mission at Echo is to deliver innovative and reliable products that bring power and authority to green space professionals. We continually push the boundaries to provide customers with unmatched experiences and products. Founded in 1972 in Northbrook, Ill. as…

Yanmar Group has announced the completion of its acquisition of compact equipment manufacturer ASV Holdings Inc. (ASV), a designer and manufacturer of compact tracked loaders and skid-steer loaders. The announcement is the final step in the acquisition, following on from a disclosure in June 2019 of a definitive agreement to acquire the company through the…

The Outdoor Power Equipment Institute (OPEI) has officially launched The TurfMutt Foundation, an organization that will further the mission of the TurfMutt environmental education and stewardship program that began 10 years ago. The Foundation will continue to encourage outdoor learning experiences, stewardship of our green spaces, care for all living landscapes for the benefit of…

Independent We Stand, an initiative sponsored by Stihl, invites both the public and business owners to help promote the importance and strong economic benefits of “buying local” through the 9th annual Indie Award. The contest provides a chance for the winning independent business to reinvest in themselves through a branding, advertising and public relations makeover…

The Equipment Dealers Association’s (EDA) free webinar series for its members is back September 19 with the EPA. Starting at 12noon CST, the webinar will be tailored for North American equipment dealers on the issues surrounding illegal engine tampering and best practices to ensure dealerships avoid violations of the Clean Air Act. Created for dealership…