tractor sales

Tractor Sales Drop 16 Percent in March

Dan Economy, Industry News Release

tractor sales

(NAFB) — The Association of Equipment Manufacturer’s monthly Flash Report didn’t have good news when it came to March tractor sales. The overall sale of all tractors dropped 16 percent in March when compared to March of 2019. For the year, a total of 41,237 tractors were sold in 2020, compared to a total of more than 44,600 sold last year.

During March, two-wheel drive smaller tractors with engines under 40 horsepower were down 16 percent from last year. Sales of 40 and under 100-horsepower tractors were 15 percent lower than a year ago. Sales of two-wheel drive 100-plus horsepower tractors dropped 18 percent, while four-wheel drive tractor sales were down 17 percent from a year ago in March. Looking at 2020 total sales, the drop isn’t quite as steep as the March numbers, but still lower than the first three months of 2019.

Combine sales were also down 12 percent in March of 2020 compared to last year at the same time. Sales of combines for the year totaled 800 in 2020, compared to a total of 977 sold in 2019, which is an 18 percent drop.

Source: National Association of Farm Broadcasters