October Combine Sales Decline
Combine sales declined in October while sales of tractors remained mostly flat. The Association of Equipment Manufacturer’s October Ag Tractor and Combine Report shows overall sales remained positive year-to-date. U.S. sales of self-propelled combines declined 7% in October compared to last year, and U.S. sales of four-wheel-drive tractors were flat with a 1% drop month-over-month.
October year-to-date growth in U.S. sales reached 17% for combines and growth of 13.5% for four-wheel-drive tractors. Total October U.S. sales of two-wheel-drive tractors grew 6% compared to last year: a 9% gain for under-40 horsepower tractors, a 5% increase for 40-100 horsepower tractors, and a drop of 8% for 100-plus horsepower tractors. October year-to-date growth for overall U.S. sales of two-wheel-drive tractors topped seven percent.
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