'One month doesn’t make a trend': January AEM report cites drop in 2WD sales

The latest Association of Equipment Manufacturers (AEM) report is out, and it suggests Canadians are purchasing fewer two-wheel-drive tractors. The report released last week was for the month of January, 2019.

Sales for two-wheel-drive tractors were down by 14.6 per cent for machines with under 40 horsepower. There was also a dip for tractors with in the 40 to 100 horsepower range, and 100 plus horse power at a decline of 26 per cent, and 24.1 per cent respectively.

On the positive side, Canadian farmers upped their purchases of four-wheel drive tractors by 7.8 per cent.

“For Canada, one month doesn’t make a trend, but it is notable to watch,” says Curt Blades, AEM senior vice president, AG service. “We are still concerned about continued market uncertainty and its effect on farmers’ business planning.”

Self-propelled combine sales also saw an increase of 31.1 per cent.

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