4WD Tractor Sales Continue Growth Trend into October
Unit sales of 4WD ag tractors continued growing in both the U.S. and Canada in October, making a strong opening of the final quarter of 2023, according to the latest data from the Association of Equipment Manufacturers (AEM).
In the U.S., 4WD tractors grew year-over-year 12.6 percent, the only segment to see growth for the month. Year-to-date, 4WD tractor sales are up 36.2 percent, leading all segments in unit sales growth. In Canada, 4WD unit sales were up 141 percent for the month, and 38.3 percent year-to-date.
“The mixed sales results for October reflect the market as a whole,” said Curt Blades, senior vice president, industry sectors and product leadership at the Association of Equipment Manufacturers. “We are happy to see the continued sale’s strength in larger equipment market and remain optimistic for the long term market.”
Overall unit sales of U.S. tractors are down 5.6 percent compared to sales in October 2022, while combine sales finished 52.1 percent below this time last year. Canadian tractor sales, however, finished the month positive, up 4.6 percent with additional growth in the mid-range and high horsepower 2WD segments. Combines were down for the month, however, falling 16.1 percent.
The full reports can be found in the Market Data section of the AEM website under Ag Tractor and Combine Reports.
AEM is the North America-based international trade group representing off-road equipment manufacturers and suppliers with more than 1,000 companies and more than 200 product lines in the agriculture and construction-related industry sectors worldwide. The equipment manufacturing industry in the United States supports 2.3 million jobs and contributes roughly $316 billion to the economy every year.