Milwaukee, Wis.,
10
January
2020
|
20:31 PM
Europe/Amsterdam

AEM AG TRACTOR COMBINE REPORT SHOWS POSITIVE GROWTH IN 2019

December 2019 saw a return to positive overall results in U.S. sales of tractors and self-propelled combines, marking an upward end to a year that saw overall growth in the tractor and combine space. Total U.S. farm tractor sales for calendar 2019 grew 3.6 percent to 244,637 units, while self-propelled combines notched down 0.7 percent to 4,807, a decline of 32 units for the year. December tractor sales climbed 1.1 percent compared to December of last year while combines fell by 12.3 percent, according to the latest data from the Association of Equipment Manufacturers (AEM).

Total U.S. sales of 2-wheel-drive tractors were roughly flat in the month of December rising less than 1 percent compared to December last year: under 40 HP 2-wheel-drive tractors grew 5.2 percent, and sales of 40-100 HP tractors fell almost 9 percent, while sales of 100-plus HP tractors led the segment with 6.4 percent growth. Total December U.S. 4-wheel drive tractor sales was a highlight with almost 28 percent sales growth to 322 units.

All sectors fell in Canada for 2019, with 4-wheel-drive tractors leading the decline falling 37 percent (from 885 to 570 units sold year-over-year) and self-propelled combine sales falling 19.4 percent to 1,695 units for the year. Two-wheel-drive tractor Canadian sales in 2019 were helped by the sub-40hp category (3.6 percent increase for under 40 HP, 8.2 percent decrease for 40-100 HP, and 18 percent decrease for 100-plus HP).

“While growth hit a bump toward the end of the year, ag tractor and combine sales overall for 2019 ended relatively flat,” said Curt Blades, senior vice president of Ag Services at the Association of Equipment Manufacturers. “On top of that, from survey data we gathered along with the Equipment Dealers Association, majorities of both manufacturers and dealers agree inventory levels are sitting about right at the moment, which should put our members and the overall ag sector in a positive place for the near future.”

The full reports can be found in the Market Data section of the AEM website under Ag Tractor and Combine Reports.

U.S.: https://www.aem.org/market-data/statistics/us-ag-tractor-and-combine-reports/

Canada: https://www.aem.org/market-data/statistics/canadian-ag-tractor-combine-reports/ 

Boilerplate

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 1.3 million jobs and contributes roughly $159 billion to the economy every year.