Canadian equipment sales slump in September

The Association of Equipment Manufacturers has released its September flash report for new equipment sales.

In Canada (shown below), the results continue to be mixed depending on the category. In 2018, 2WD tractors are up 8.0%, 4WD are virtually flat at 0.3% lower, and self-propelled combines are down 4.6% in comparison to the end of September 2017.

The real weakness in Canada is in the September 2018 figures in comparison to the month a year ago. 2WD tractors were down 11.1%, 4WD tractors were down 25%, and self-propelled combines were down 10.9%.

Equipment sales in the United States are relatively stronger in comparison to Canada for September and year-to-date. It is important to keep the results of 2017 in mind as one of the reasons for the stronger U.S. numbers in 2018.