tractors

Four-Wheel Drive Tractors See Jump in April Sales

Dan Association of Equipment Manufacturers (AEM), Economy

tractors
Two modern tractors, agricultural machines
By Veremeev/DepositPhotos image

New data from the Association of Equipment Manufacturers (AEM) shows sales of 4-wheel-drive tractors in the U.S. increased 24.1% in April compared to 2023. The report also notes that 4-wheel-drive tractor sales are up 1.9% in the U.S. year-to-date. 

“The modest growth in agriculture 4-wheel-drive tractor sales in April 2024 is an indicator of resilience in the overall ag industry,” said AEM Senior Vice President Curt Blades. The smaller horsepower market continues to be a challenge, but we remain optimistic for the long-term strength of the ag equipment market.” 

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Unit sales of 100+ horsepower tractors were up 7.2% year-over-year, following March’s jump of 3.2%. February sales were also up 2.7% compared to last year. 

Combine sales in the U.S. grew 6.7% compared to April of 2023. 

Click here to see more numbers from the April ag tractor and combine report.