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AEM releases January 2020 ag equipment sales numbers

Published on 13 February 2020

January 2020 saw mixed results in overall U.S. sales of tractors and self-propelled combines. Total farm tractor sales grew compared to January of last year while combines fell by a quarter, according to the latest data from the Association of Equipment Manufacturers (AEM).

U.S. total farm tractor sales Increased 4.7% in January compared to last year, while U.S. January self-propelled combine sales fell 24.4%. 

Total U.S. sales of two-wheel-drive tractors grew in all segments in January, a total of 4.9% compared to January 2019. Under-40-horsepower, two-wheel-drive tractors were up 2.6%, and sales of 40- to 100-horsepower tractors went up 4.6%, while sales of 100-plus-horsepower tractors led the way with 19.6% growth to 1,361 units. Total November U.S. four-wheel-drive tractor sales fell 6.6% to 169 units sold.

For Canada, November four-wheel-drive tractor sales fell 84.1% (from 69 to 11 units sold year over year), and self-propelled combine sales notched down 22%. November two-wheel-drive tractor Canadian sales were down overall 2.8%, with the sub-40-horsepower segment growing 11.9%, while the 40- to 100-horsepower segment fell 18.2%, and the 100-plus-horsepower segment fell 28.6%. 

“The sales numbers we are seeing for January 2020 are in line with our expectations,” said Curt Blades, senior vice president of ag services at the Association of Equipment Manufacturers. “With the approval of the USMCA (U.S.-Mexico-Canada Agreement) and the announcement of the phase one trade agreement between the U.S. and China, we believe we are seeing some positive trends on the horizon for ag equipment sales.”

Full reports for the U.S. and Canada can be found in the market data section of the AEM website under Ag Tractor and Combine Reports. 

AEM is the North America-based international trade group representing off-road equipment manufacturers and suppliers with more than 1,000 companies and more than 200 product lines in the agriculture and construction-related industry sectors worldwide. The equipment manufacturing industry in the U. S. supports 1.3 million jobs and contributes roughly $159 billion to the economy every year.  end mark

From an Association of Equipment Manufacturers news release

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