Large Tractor Sales Increase for Second Month in a Row

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

Image by ArtTower from Pixabay

For the second straight month, unit sales of 100-plus horsepower ag tractors increased in the U.S. New data from the Association of Equipment Manufacturers (AEM) notes March sales jumped 3.2 percent compared to last year, following February’s increase of 2.8 percent compared to 2023.

“Seeing the continued growth in 100-plus horsepower tractor sales is a welcome sight as 2024 progresses, despite the softness in other tractor sizes,” says AEM Senior Vice President Curt Blades. “As we start the planting season, we’re optimistic about the future of the ag equipment market.”

Total year-to-date sales of ag tractors and combines are below 2023’s pace. Tractors are down 13.3 percent while combines fell 20.4 percent.