U.S. farm tractor unit sales continue double-digit growth rate in both U.S. and Canada, and inventories continue to fall, after a strong month of April according to the latest data from the Association of Equipment Manufacturers (AEM).
U.S. total farm tractor sales rose 22.7% in April compared to 2020, which was the first month of the current sales growth trend, while U.S. self-propelled combine sales fell 3.2%. U.S. tractor sales grew across every segment, with the biggest gains in the 100+ horsepower segment, up 29.2%. The midsize 40-100 horsepower units were up 28.8%, and the sub-40 horsepower class is up 20.8%. 4WD units grew 15.1%, putting them up 12% year-to-date.
For Canada, April monthly tractor and combine sales were positive across all segments, with the 4WD segment nearly doubling, up 93.3% to 201 units sold, while total farm tractor sales were up 72.3% to 3,671 units sold. Self-propelled combines also grew 23.1%.
“April was the month we were watching to see how this growth trend would look once it hit the official twelve-month mark,” said Curt Blades, Senior Vice President of Ag Services at the AEM. “Seeing the larger row-crop units leading the way in segment gains shows the pull rising commodity prices have been having on equipment sales.”