Sales of new farm equipment through the first quarter of 2017 are up compared to the same time last year. Whether it’s due to the currency market benefiting Canadian producers on the selling side, dealer program timing, or a combination of different factors, the Association of Equipment Manufacturers’ latest report doesn’t go into the “why,”… Read More
Tag: Aem
Challenging times in the machinery market continue, as tractor sales in Canada slump. According to the Association of Equipment Manufacturers’ April data, year-to-date tractor sales in Canada are down 18.6 percent from last year. 4-wheel-drive sales are down 22.1 percent, while 2-wheel-drive sales are down 18.4 percent. Combine sales in Canada are bucking the trend,… Read More
Overall farm tractor sales for the month of April in both Canada and the U.S. were up slightly over last year, but combine and 4-wheel-drive tractor purchases remain well off the 2014 sales pace. According to the Association of Equipment Manufacturers’ monthly report, total Canadian farm tractor sales in April 2015 were 3.5 percent higher than in April 2014…. Read More
Whether it’s the drop in commodity prices or the pace at which machinery sheds have been restocked in the past three years, global machinery sales have slowed considerably. On Deere & Co earnings call this week the company stated, For fiscal 2014, the company expects sales to decrease 6%, and to be down ~8% for… Read More
It seemed that in 2013 nothing could prevent machinery sales in Canada and the United States from being strong. The Association of Equipment Manufacturers have released its April 2014 Flash Report for retail Sales of farm machinery. The results year to date are not pretty in Canada while in the US farm machinery retailers are… Read More
According to the latest Association of Equipment Manufacturers (AEM) flash report, in both the United States and Canada, self propelled combine sales are very strong. Both the year to date and month to month numbers are on a torrid pace for the year. In the United States combine sales were up 58.6% in April 2013… Read More
Higher commodity prices continue to benefit the financial returns of the agri-business industry. When farmers have strong free cash flow, input and machinery dealers have always benefited. Like any other industry, when farmers have no money the spending clamp gets put on pretty tight. You don’t have to look any further than the tractor sales… Read More
If you cannot see the embedded audio player above, CLICK HERE Farmers in Canada are buying tractors and combines at a much stronger pace than last year at this time. According to a report published by the Association of Equipment Manufacturers (AEM), tractor unit sales were up 36% during February 2013 in comparison to February… Read More