U.S. Farm Tractor Sales See Gains in June

Dan Agri-Business, Association of Equipment Manufacturers (AEM), Economy

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According to the latest data from the Association of Equipment Manufacturers (AEM), total farm tractor unit sales in the U.S. turned positive in June for the first time in 2023. Sales were led by continued strength in large tractors and combines.

Gains in the U.S. market were led by 100+hp 2WD units, up 25.4 percent, closely followed by 4WD units up 21.9 percent. But, a change from the previous month was a small gain in the sub-40hp 2WD segment, up 0.2 percent, that took overall sales positive since they represent more than 66 percent of total unit sales volume for the month.

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U.S. self-propelled combines also marked another large gain of 9.8 percent. At the mid-year mark, year-to-date unit sales of farm tractors are down 9.7 percent despite a gain of 45.5 percent in the 4WD segment over that same period, and combines are up 51.5 percent.

“Year-over-year sales comparisons this month are now starting to compare to 2022 sales that were closer to the 5-year average, and less informed by the aftereffects of the pandemic,” said Curt Blades, senior vice president, industry sectors and product leadership at the Association of Equipment Manufacturers. “At the same time, the continued strength in larger tractors and combines still owes some to the strength of commodities markets, and the appeal of more efficient technologies available on modern equipment.”

The full report can be found here (.pdf) and on the AEM website.