four wheel drive

Increase in 4-Wheel Drive Agriculture Tractor Sales Continues

Dan Association of Equipment Manufacturers (AEM), Economy

agriculture
Credit: James R. Martin / Shutterstock.com
agriculture

According to new data from the Association of Equipment Manufacturers (AEM), unit sales of 4-wheel-drive agriculture tractors grew in the U.S. in November, which continues a strong final quarter of 2023. 

In November, 4-wheel-drive tractors grew 72.6 percent year-over-year, the only segment to see growth for the month. Year-to-date, 4-wheel-drive tractor sales are up 38.2 percent, leading all segments in unit sales growth.

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“November is historically a slow month for tractor and combine sales,” said Curt Blades, senior vice president, industry sectors and product leadership at the Association of Equipment Manufacturers. “We are happy to see the year-to-date sale’s strength in the larger equipment market and remain optimistic for the long-term.”

Overall unit sales of U.S. tractors are down 4.7 percent compared to sales in November 2022, while combine sales finished 11.3 percent below this time last year.

The full report can be read here.