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Gains in large tractor sales highlight of AEM February data

Published on 12 March 2020

February 2020 saw mixed results in overall U.S. sales of tractors and self-propelled combines. The bright spot was four-wheel-drive and 100-plus-horsepower tractors, which showed healthy gains year over year, however, overall tractor and combine sales fell for February, according to the latest data from the Association of Equipment Manufacturers (AEM).

U.S. total farm tractor sales decreased 7.5% in February compared to last year, while U.S. February self-propelled combine sales fell 21.1%. 

However, within those numbers, we saw a 6.2% gain in tractors above 100 horsepower to 946 units and a 7.3% rise in four-wheel-drive units to 177 sold.

Total U.S. sales of two-wheel-drive tractors fell in February, a total of 7.5% year over year. Sales of under-40-horsepower two-wheel-drive tractors were down 9.7%, and sales of 40- to 100-horsepower tractors went down 5.6%.

For Canada, November four-wheel-drive tractor sales gained 43.5% (from 23 to 33 units sold year over year), and self-propelled combine sales notched fell 46.3%. November two-wheel-drive tractor Canadian sales were down overall 18.7%, with the sub-40-horsepower segment falling 20.2%, while the 40- to 100-horsepower segment fell 10.3%, and the 100-plus-horsepower segment fell 29.4%. 

“What we’re seeing in tractor and combine unit sales is in line with expectations,” said Curt Blades, senior vice president of ag services at the AEM. “A lot of uncertainty in overall global markets is being reflected in agricultural goods markets, and that ultimately gets reflected in the capital expenditure decisions, like major equipment purchases, that farmers make.”

The full reports can be found in the market data section of the AEM website under Ag Tractor and Combine Reports

U.S. reports can be found here.

Canadian reports can be found here

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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