U.S. total farm tractor sales fell 21.1 percent for the month of March compared to 2021, while U.S. self-propelled combine sales for the month dropped 10.2 percent to 343 units sold.
The 100+ horsepower 2WD segment was the lone growth sector in the U.S. market, up 7 percent, while mid-range tractors between 40 and 100 horsepower fell 14.1 percent, and the sub-40hp segment led losses, down 25.5 percent. Four wheel drive tractors were nearly flat for the second month in a row, dipping down just 2 percent, or four fewer units sold for the month. Total farm tractor sales are now down 7.9 percent year-to-date, while combines are down 19.2 percent for the same.
“This is a sales report we expected,” said Curt Blades, AEM senior vice president, industry sectors & product leadership. “Inventory levels are down more than 10 percent, and this is the result of supply chain difficulties catching up with this segment of the manufacturing industry.”