North American tractor and combine sales are feeling the effects of a difficult agriculture economy and poor commodity prices.
In its monthly report, the Association of Equipment Manufacturers is reporting significant declines in monthly sales of combines and tractors in the U.S. and Canada. AEM reports that U.S. sales of ag tractors decreased 19.2 per cent in September 2024 compared to September 2023. Sales of combines also fell during the month, dropping 40.7 per cent compared to 2023.
Canadian sales of ag tractors also dropped in September 2024, finishing the month 24.9 per cent behind 2023 sales, while combine sales fell 51.9 per cent compared to the same month the year before.
“September’s sales of Ag tractors and combines follows a summer that showed a cyclical slowdown in sales,” said AEM senior vice president Curt Blades. “These declines point to the overall softness in the ag economy.”
