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Despite ag market uncertainty, July ag equipment sales numbers extend growth streak

Published on 13 August 2020

Overall unit sales of agricultural tractors and self-propelled combines in July 2020 were positive for the fourth month in a row in the U.S. and remained positive for the second consecutive month in Canada according to the latest data from the Association of Equipment Manufacturers (AEM).

U.S. total farm tractor sales rose 34.1% in July compared to 2019, while U.S. June self-propelled combine sales grew 33.6%. Four-wheel-drive tractors continued their decline in unit sales in the U.S. in July, falling 21.2% in July and 12.8% year to date (YTD). Total YTD sales of all farm tractors are up 14% in 2020, while combines broke into positive territory for the first time in 2020, now up 4.1% in the same period.

For Canada, July tractor sales grew across every segment, leading to an overall gain of tractor sales of 33%. That puts YTD unit sales for farm tractors up 4.8%, while combines monthly sales growth of more than 41% cut total YTD losses nearly in half to 16.8%.

“We’re continuing to see demand in the small, medium and harvesting sectors,” said Curt Blades, senior vice president of ag services at the Association of Equipment Manufacturers. “The continuously developing nature of the COVID-19 situation and its effect on the agricultural sector is keeping our optimism cautious. Growth in the U.S. market has outpaced the five-year average each month, so we’re hoping that continues.”

The full reports can be found in the market data section of the AEM website under ag tractor and combine reports. 

Click here for U.S. reports.

Click here for Canadian 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 2.8 million jobs and contributes roughly $288 billion to the economy every year.

AEM continues to lead the industry’s response to the COVID-19 pandemic and is working closely with state and federal officials to help keep equipment manufacturing in America strong and ensure the nation’s economic resilience. AEM has also called for bold action from Congress and federal agencies, including continued federal designation deeming equipment manufacturers and their employees, suppliers and distributors as “essential” and additional support to ensure small and medium-sized equipment manufacturers have access to the cash they need to keep operations going.  end mark

—From an Association of Equipment Manufacturers news release