Unit sales of four wheel drive ag tractors continued growing in the U.S. in October, making a strong opening of the final quarter of 2023.
The latest data from the Association of Equipment Manufacturers (AEM) shows 4WD tractor sales in the U.S. grew year-over-year 12.6 percent, the only segment to see growth for the month. Year-to-date, 4WD tractor sales are up 36.2 percent, leading all segments in unit sales growth. In Canada, 4WD unit sales were up 141 percent for the month, and 38.3 percent year-to-date.
“The mixed sales results for October reflect the market as a whole,” said Curt Blades, senior vice president, industry sectors and product leadership at the Association of Equipment Manufacturers. “We are happy to see the continued sale’s strength in larger equipment market and remain optimistic for the long term market.”
Overall unit sales of U.S. tractors were down 5.6 percent compared to sales in October 2022, while combine sales finished 52.1 percent below this time last year. Combines were down for the month, however, falling 16.1 percent.
Read the full AEM United States Ag Tractor and Combine October 2023 Report.