AEM OCTOBER AG TRACTOR AND COMBINE SALES DATA RELEASED
The Association of Equipment Manufacturers’ (AEM) October U.S. Ag Tractor and Combine Report shows overall sales remained positive year-to-date, although a few categories recorded October declines.
U.S. sales of self-propelled combines declined 7 percent in October compared to last year, and U.S. sales of 4-wheel-drive tractors were flat with a 1-percent drop month-over-month. October year-to-date growth in U.S. sales reached 17 percent for combines and growth of 13.5 percent for 4-wheel-drive tractors.
Total October U.S. sales of 2-wheel-drive tractors grew 6 percent compared to last year: a 9-percent gain for under-40 HP tractors, a 5-percent increase for 40-100 HP tractors, and a drop of 8 percent for 100-plus HP tractors.
October year-to-date growth for overall U.S. sales of 2-wheel-drive tractors topped 7 percent: under-40 HP tractors gained 10 percent; 40-100 HP tractors grew 2 percent; and 100-plus HP tractors increased 6 percent.
“With the 2018 midterm elections over, we urge our elected leaders to re-focus on ensuring a strong ag economy. We will continue to advocate for agriculture, including a robust farm bill, infrastructure, trade, rural broadband and a strong Renewable Fuel Standard,” said Curt Blades, AEM senior vice president, AG services.
Here is link to the full report online: https://www.aem.org/AEM/media/docs/Statistics/18-10-USAG.pdf.
AEM is the North American-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.