AEM: Combine Sales Growth Continues
Tractor unit sales in both the U.S. and Canada remain near their five-year average while combine harvesters in both countries continue triple-digit growth.
The latest data from the Association of Equipment Manufacturers released this week shows that overall U.S. ag tractor unit sales fell for the month of February, despite gains in the 100-plus horsepower and four-wheel-drive segments. Combine sales, however, put up another strong month, rising 165% year-over-year. Total farm tractor sales in the U.S. for the month fell 19.4% versus February 2022 and are down 17.2% year-to-date.
In Canada, combine sales were hot again, growing 246.7% in February. Overall unit sales in tractors finished the month down 8.1%. Year to date, tractors in Canada are down 0.5 percent, while combines are up 205.1%.
“On the tractor side, most of those losses are the result of overly hot sales of small units during the pandemic," said AEM CEO Curt Blades.
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