A survey by the Association of Equipment Manufacturers finds steel and aluminum tariffs are harming the industry. The survey, primarily focused on the current new equipment inventory levels, shows both dealers and manufacturers are aware of the potential effect of steel and aluminum tariffs on the industry. The survey found that overall, new inventory numbers are favorable, when traditionally dealers …
Tractor, Combine Sales, Posting Strong Numbers
Overall U.S. sales of tractors and combines continued to post strong numbers, led by combines and four-wheel-drive tractors, according to the July 2018 report from the Association of Equipment Manufacturers. July U.S. sales of combines gained 37 percent compared to last year, with year-to-date growth of nearly 24 percent compared to last year’s January-July numbers. U.S. sales of four-wheel-drive tractors …
Ag Groups Want #TradeNotTariffs
Ag groups have spent weeks engaging the Trump Administration for more insight into the future of trade tariffs. Those agricultural producers and related industries that depend on exports are now turning to Congress for help. The White House declared that Friday would be the day it announces the final list of $50 billion in Chinese products that would be charged …
U.S. Tractor, Combine Sales Up
U.S. tractor and combine sales increased last month, according to the latest monthly measure by the Association of Equipment Manufacturers. The association’s monthly report shows sales of all tractors in the U.S. during May increased 17 percent compared to the same month last year. For the five months in 2018, a total of 96,700 tractors were sold which compares to …
Equipment Groups Release Policy Survey Results
In April, the Equipment Dealers Association and the Association of Equipment Manufacturers surveyed their members about the impact of the Tax Cuts and Jobs Act and steel and aluminum tariffs on their businesses. Dealers and manufacturers were in consensus that the two most beneficial provisions of the tax legislation were the lower corporate tax rate and the favorable expensing provisions …
Equipment Sales Sluggish, but Positive
The latest monthly tractor and combine sales report from the Association of Equipment Manufacturers shows increased combine sales. U.S. retail sales of combines jumped almost 59 percent last month, compared to April of 2017. However, total tractor sales in the U.S. rose less than one percent, versus this time last year. AEM Senior Vice President of Ag Services Curt Blades …
AEM: First-Quarter Ag Tractor & Combine Sales Data Released
Total U.S. two-wheel drive tractor sales gained four percent for March compared to last year, while four-wheel-drive tractor sales dropped five percent and self-propelled combine sales declined 20 percent, according to the latest sales data from the Association of Equipment Manufacturers. First-quarter 2018 U.S. sales were essentially flat for the smaller-size tractors, and 100-plus horsepower two-wheel drive tractors declined about …
AEM’s Slater: Lift Steel Tariffs to Support Manufacturers
AEM President Dennis Slater issued the following statement last week Friday in response to President Trump’s import tariffs on steel taking effect: Equipment manufacturers remain disappointed at President Trump for allowing harmful steel tariffs to go into effect today. While exemptions for our strategic partners are encouraging, AEM opposes any steel tariffs as they will disrupt the entire global trading …
AEM Releases Latest U.S. Ag Tractor and Combine Sales Report
Concerns Raised Over Impending Steel & Aluminum Tariffs The Association of Equipment Manufacturers’ (AEM) latest U.S. Ag Tractor and Combine Report shows total sales of self-propelled combines in February grew 34 percent compared to last year and sales of 4-wheel drive tractors increased 9 percent. Sales of 2-wheel drive tractors declined 10 percent for February compared to last year. “We’ve …
Equipment Groups Tackle Right to Repair
The Association of Equipment Manufacturers and the Equipment Dealers Association announced a new industry commitment to provide a comprehensive set of service information tools for tractors and combines put into service by model year 2021. Members of AEM’s Ag Sector Board and EDA released a Statement of Principles articulating the tools they will make available through authorized dealers to empower farmers and …