Canadian tractor and combine sales rebound

The Association of Equipment Manufactures (AEM) has released its flash report for July, and things are looking up when it comes to the sale of new farm equipment.

If we look back to this spring, deliveries of new 4-wheel drive (4WD) tractors and combines in Canada were down around 7 and 5 percent through April.

Those numbers have since rebounded, as shown in the chart below:

Note: numbers are based on deliveries within the given month.

Total tractor sales year-to-date in Canada are up 6.3 percent over 2017, with combine sales running 7.1 percent ahead of last year.

American sales are even stronger relative to 2017, with total tractor sales up 7.4 percent. Combine sales in the U.S. are up 23.7 percent over 2017.

Sales of 4WD tractors have also jumped in the U.S., up 12.7 percent from a year ago.

This leads us to this week’s poll:

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