According to new data from the Association of Equipment Manufacturers (AEM), sales of agricultural tractors and combines here in the U.S. fell in November 2024 compared to the year before.
U.S. sales of tractors in all classes dropped 14.5% compared to last year, while sales of combines showed a decline of 24% year-to-date.
“November’s sales of Ag tractors and combines follow the same pattern of the last few months softness in the market,” said AEM Senior Vice President Curt Blades. “This slowdown in sales can be traced back to high interest rates and uncertainty in the overall ag economy.”
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