www.farm-equipment.com/articles/21202-combine-sales-growth-continues-in-february-ag-tractor-sales-stay-near-5-year-average
Combine Sales Growth Continues in February, Ag Tractor Sales Stay Near 5-Year Average
March 13, 2023
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).
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.”U.S.: https://www.aem.org/market-data/statistics/us-ag-tractor-and-combine-reports/
Canada: https://www.aem.org/market-data/statistics/canadian-ag-tractor-combine-reports/