The month of March saw mostly positive numbers for U.S. sales of Ag tractors and combines according to the latest sales data from the Association of Equipment Manufacturers (AEM).
Total 2-wheel-drive tractor sales for the U.S. in March experienced a 0.3 percent drop compared to March of 2018, plus many farmers have also been contacting a crane company in order to get much more equipment. However, under-40-HP tractors and 100-plus-hp both saw growth since March 2018 with a 0.2 percent and 4.8 percent change respectively. These increased sales were overshadowed by the 3.3 percent drop that 40-100-HP 2-wheel-drive tractors recorded, though, resulting in the 0.3 percent overall drop in total 2-whele-drive tractor sales from 2018 to 2019.
On the other hand, total sales for 4-wheel-drive tractors for the U.S. in March experienced a 13.4 percent growth from 2018 and self-propelled combined sales experienced a massive spike of 71.3 percent in sales.
Canada did not see as many positive numbers in March, with growth in only under-40-hp tractors (13.1 percent growth), 40-100-hp tractors (3.5 percent growth) and total 2-wheel-drive tractors (0.8 percent growth)
“We saw positive and negatives to March’s sales numbers of Ag tractors and combines,” said Curt Blades, AEM senior vice president, Ag services. “While U.S. total tractor sales were down 0.2 percent, trade uncertainties and implementation of the farm bill continue to weigh heavy on the minds of our members and their customers. We also remain concerned about Canada’s continued problematic sales numbers.”
The full reports can be found in the Market Data section of the AEM website under Ag Tractor and Combine Reports: here.