U.S. Tractor Sales Increase Slightly in August

Sales of four-wheel-drive tractors increased 4.8% in August 2024 compared to the same month last year. New data from the Association of Equipment Manufacturers said U.S. sales also increased 5.2% year-to-date. Total U.S. ag tractor sales decreased 19.4% compared to 2023, while combine sales dipped 19.6%.

“While the increase in four-wheel-drive tractors is modest, it’s indicative of the industry’s resilience and the ongoing need for agricultural equipment,” said AEM Senior Vice President Curt Blades. “The decline in the overall tractor market highlights the urgent need for Congress to pass a robust farm bill to support rural America and our agricultural community.”

View the report by clicking Here.

Canadian sales of four-wheel-drive tractors increased 29.4% in August compared to last year and are up 18.1% year-to-date. Total Canadian ag tractor sales fell 26% compared to last year, while total combine sales dropped 36.5%.

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