Tractor sales remain positive in U.S. and Canada: AEM

Despite a small pause in larger units in Canada, overall farm tractor unit sales are continuing their growth across North America in October, according to the latest data from the Association of Equipment Manufacturers (AEM).

In Canada, October tractor sales saw major growth in the sub-40 hp range, which carried overall tractor sales up to a 12.8 per cent growth for the month, making it 9.6 per cent year-to-date. Canada saw a bit of a decline in the 40-100hp and 100+ hp units of 1 per cent, and 3.3 per cent, respectively.

The report also states that U.S. total farm tractor sales rose 18.1 per cent in October, compared to 2019, and U.S. self-propelled combine sales were up 14.8 per cent. For the third month in a row, U.S. four-wheel-drive units grew 22.8 per cent, putting year-to-date segment sales in the black for the first time this year — up 1 per cent.

Total year-to-date farm tractors out the door in the U.S. are up 15.1 per cent, while combine sales are up 5.5 per cent.

Curt Blades, senior vice president of ag services at AEM says they are glad to see the aggregate North American tractor and combine sales stay above the 5-year trend line.

“These latest numbers, combined with the recent bump in commodity prices, point to the potential for a strong finish to equipment sales for 2020,” says Blades.

Leave a Reply

 

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Privacy Preference Center

Necessary

Necessary cookies help make a website usable by enabling basic functions like page navigation and access to secure areas of the website. The website cannot function properly without these cookies.

gdpr, __cfduid, PHPSESSID, wordpress_test_cookie, woocommerce_items_in_cart, woocommerce_cart_hash, wp_woocommerce_session, wordpress_logged_in, wordpress_sec, wp-settings, wp-settings-time, __cf_mob_redir, wordpress_cache, realag
__cfduid

Marketing

Measuring interactions with the ads on the domain.

__gads,fsk_ut_2317
IDE

Statistics

These are used to track user interaction and detect potential problems. These help us improve our services by providing analytical data on how users use this site.

_ga,_gid,_gat,_cb,_chartbeat2,_chartbeat4
_ga,_gid
metrics_token

Preferences

Preference cookies enable the website to remember information that changes the way the website behaves or looks, like your preferred language or the region that you are in.

chartdefaults, comment_author, comment_author_email, comment_author_url
JSESSIONID, _os_session,anonymous_votes,csrf-param,csrf-token,user,user-id,user-platform,intercom-session,intercom-lou,intercom-session
personalization_id, tfw_exp

 

Register for a RealAgriculture account to manage your Shortcut menu instead of the default.

Register