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AEM reports positive year-to-date equipment sales

Published on 11 December 2018

The Association of Equipment Manufacturers' (AEM) November U.S. Ag Tractor and Combine Report shows overall sales remained positive year-to-date.

U.S. sales of self-propelled combines gained 9.2 percent in November compared to last year, and U.S. sales of four-wheel-drive tractors increased 60.7 percent month-over-month. November year-to-date U.S. sales showed a 16.6 percent growth for combines and 15.9 percent growth for four-wheel-drive tractors.

Total November sales of two-wheel-drive tractors declined 0.9 percent compared to last year: a 2 percent gain for under-40 HP tractors, a 7.8 percent drop for 40 to 100 HP tractors and a 4.4 percent gain for 100-plus HP tractors.

November year-to-date growth for overall U.S. sales of two-wheel-drive tractors was 6.9 percent; under-40 HP tractors gained 9.3 percent; 40 to 100 HP tractors increased 1.4 percent; and 100-plus HP tractors grew 5.5 percent.

"Equipment sales overall have been resilient this year, but we are starting to see some softening as the year winds down. Trade issues remain a major concern, especially the uncertainty caused by tensions with China. On a brighter note, we are encouraged by the administration's efforts regarding year-round availability of E-15 fuel. And we're urging swift action on the farm bill to provide some stability for farmers dealing with uncertain markets and lower farm income," said Curt Blades, AEM senior vice president of ag services.

The full report can be found on the market data section of the AEM website under “Ag Tractor and Combine Reports.”  end mark

—From Association of Equipment Manufacturers news release