U.S. Tractor Sales Fell in 2023

Will Jordan General

According to new data from the Association of Equipment Manufacturers (AEM), combine harvester sales closed 2023 ahead of 2022 levels, while almost all tractor segments saw declines in the U.S.

Total U.S. farm tractor sales fell 5.1 percent in December compared to 2022, while year-to-date sales came in 8.7 percent lower than a year ago. The sub-40hp segment led losses for the year as a whole, falling 10.7 percent in 2023 on the heels of a 5.8 percent drop in December. But, 100+hp tractors grew 5.2 percent for the year and 3.6 percent in December. Combine harvesters finished 2023 with sales up 1.7 percent last month.

“Seeing year-over-year gains in U.S. sales of both combine harvesters and 100+hp tractors is a welcome sight as 2024 gets underway,” said AEM Senior Vice President Curt Blades. “And while several tractor segments fell last month versus 2023, we’re still confident in the strength of the equipment market and remain optimistic about its long-term growth.”