New farm equipment sales in U.S. are higher than in 2017, while Canadian agricultural machinery sales are mixed relative to last year, according to the Association of Equipment Manufacturers‘ latest data.
The Canadian numbers for May show slight year-to-date increases over 2017 for tractors. The below table shows total 2WD tractors are up 3.2% year-to-date as of the end of May. 4WD tractors are slightly higher year-to-date at 0.4%. Self propelled combines were down 8.6% year to date as of the end of May, and down 19 percent from May of last year. (Sorry, there’s no AEM data on pull-type combines.)
The numbers out of the U.S. continued their much-better 2018 compared with 2017. As of the end of May, U.S. sales of 2WD tractors are up 5% YTD, 4WD tractor sales are up 1.8% and self propelled combines are up 26.5%.
Compared to the May 2017 numbers, 4WD sales have slowed while combine sales shot higher. Combine sales in May were up 51.6% in 2018 in comparison to May 2017.