AEM RELEASES SEPTEMBER AG EQUIPMENT SALES DATA
Headed into the last quarter of 2018, U.S. sales of tractors and combines were in the plus column overall, according to the latest report from the Association of Equipment Manufacturers (AEM).
U.S. sales of self-propelled combines gained 9 percent in September compared to last year, and U.S. sales of 4-wheel-drive tractors grew 52 percent month-over-month. For January-September, U.S. combine sales topped 21 percent and 4-wheel-drive tractor sales increased 18.5 percent.
For September, total U.S. sales for 2-wheel-drive tractors gained 1 percent, led by a 28.5 percent increase in 100-plus HP tractors, followed by 2-percent growth for under-40 HP tractors, and a 7-percent drop for 40-100 HP tractors.
January-September year-to-date growth totaled 7.5 percent for 2-wheel-drive tractors: under-40 HP tractors gained 10 percent; 40-100 HP tractors grew 1.5 percent; and 100-plus HP tractors increased 9 percent.
“We’re monitoring the recently announced trade agreement between the U.S., Canada and Mexico. Exports are vital for the economic stability and growth of U.S. farming and manufacturing, and this is a positive step with two of our key export partners,” 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/18-09-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.