Smaller tractors led declines in U.S. farm tractor sales in June, while overall tractor inventories were down more than 40 percent year-over-year.
Monthly data released by the Association of Equipment Manufacturers (AEM) finds U.S. total farm tractor sales fell 12.7 percent in June compared to 2020, the second overall negative result in a year.
Small tractor sales led the decline, down 18.4 percent, while midsized tractor sales declined 3.1 percent. All other segments saw increased sales over the prior month. Year to date, U.S. farm tractor sales remain up 16.7 percent and combines up 11 percent.
Available inventories may explain some of the changes in sales, as U.S. total farm tractor inventory is 41.3 percent below levels in June 2020.
(From the National Association of Farm Broadcasters)