U.S. Tractor Sales Start 2023 Lower
According to the latest numbers from the Association of Equipment Manufactures, U.S. ag tractor sales finished January 2023 in the negative, while all segments of farm equipment grew in Canada. Total U.S. ag tractor unit sales fell for January in all segments except one, with 100-plus horsepower two-wheel-drive tractors growing 22.8%. U.S. combine sales, however, continued its growth streak, climbing 132.7% year-over-year.
In Canada, combine harvesters led sales again, up 179.6%t, moving 137 units in January. Overall unit sales in tractors finished the month up 7%.
"Most of the trends we're seeing in this month's report continue what we saw throughout most of 2022," noted AEM's Curt Blades. "However, the industry-wide growth we see in Canada this month is a pleasant sight, and we hope that trends continue and expands to the U.S. market."
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