Tractor unit sales in both the U.S. and Canada stay near their 5-year average while combines in both countries continue triple-digit growth according to the latest data from the Assn. of Equipment Manufacturers (AEM).
Overall U.S. ag tractor unit sales fell for the month of February despite gains in the 100+ horsepower and 4WD segments, up 2.7% and 55% respectively. U.S. combine sales, however, put up another strong month, rising 165% year-over-year. All other tractor segments fell, with the sub-40 horsepower segment leading losses again for the month of February. Total farm tractor sales in the U.S. for the month fell 19.4% vs. February 2022 and are down 17.2% year-to-date.
In Canada, combines were hot again, growing 246.7% in February. Overall unit sales in tractors finished the month down 8.1% due to losses in the sub-40 horsepower segment, down 24.4%. All other tractor segments were positive for the month, with 4WD units leading the way again with 81.8% growth. Year to date, tractors in Canada are down 0.5%, while combines are up 205.1%.
“With the technology in today’s equipment, especially in new harvesters, it’s no surprise to see that segment continuing to grow as farmers look to increase the yields they can get with these new units,” said Curt Blades, senior vice president, industry sectors and product leadership at the Assn. of Equipment Manufacturers. “On the tractor side, most of those losses are the result of overly hot sales of small units during the pandemic. With overall sales reverting to near their five-year average, this is more a return to normal than anything else.”
The full reports can be found in the Market Data section of the AEM website under Ag Tractor and Combine Reports.
Canada: https://www.aem.org/market-data/statistics/canadian-ag-tractor-combine-reports/ Source : Farm Equipment