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HARVESTERS CONTINUE GAINS WHILE TRACTOR SALES STAY NEAR AVERAGE

MILWAUKEE | Combine harvester sales in the U.S. and Canada continue to grow while tractor unit sales stay close to their 5-year average according to the latest data from the Association of Equipment Manufacturers (AEM).

Overall U.S. ag tractor unit sales continued to slide in March despite gains in the 4WD segments, up 106 percent. U.S. self-propelled combine sales, grew 45 percent for the month, leading to the year-to-date gain to stay above 100 percent. All other tractor segments fell, with the sub-40hp segment continuing to lead losses for the month of March, down 14.2 percent. Total farm tractor sales in the U.S. for the month fell 12.1 percent versus March 2022 and are down 15.1 percent year-to-date, a slight improvement from the previous month.

In Canada, combine harvesters continue their growth streak, up 189.5 percent for the month, and 198.5 percent year-to-date. Total unit sales in tractors finished the month down 23.7 percent due to losses in the sub-40 hp and 40-100hp segments, down 34.6 and 14.9 percent respectively. All other tractor segments were positive for the month, with 4WD units leading the way again with 57.1 percent growth. Year to date, tractors in Canada are down 9.9 percent.

“The March tractor and combine report is a mixed bag, with an overall decline in tractor sales due to softness in the small tractor market,” said Curt Blades, senior vice president, industry sectors and product leadership at the Association of Equipment Manufacturers. “At the same time, the segments that are still showing growth are the higher-dollar segments of four-wheel-drive tractors and combine harvesters, indicating commodity markets for ag products are still strong enough for larger operations to justify the investment.” The full reports can be found in the Market Data section of the AEM website under Ag Tractor and Combine Reports.

About the Association of Equipment Manufacturers (AEM)

AEM is the North America-based international trade group representing off-road equipment manufacturers and suppliers with more than 1,000 companies and more than 200 product lines in the agriculture and construction-related industry sectors worldwide. The equipment manufacturing industry in the United States supports 2.3 million jobs and contributes roughly $316 billion to the economy every year.

Opmerkingen


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