 When the war ended, Holt's planned expansion to meet the military's needs was no longer needed. The company was left in a difficult situation. The types of tractors needed by the military were very different from what farmers needed. Their situation was worsened as artillery tractors were brought back from Europe, depressing prices for new equipment and Holt's unsold inventory of military tractors. The company moved to focus less on agricultural machinery and more on producing road-building equipment. To keep the company afloat, they borrowed heavily.
