Ag Tractor, Combine Unit Sales Remain Positive in October
Overall unit sales of both ag tractors and combines continue their growth above an already-hot pace set in 2020, according to the latest data from the Association of Equipment Manufacturers (AEM).
U.S. total farm tractor sales climbed 4.8 percent in October compared to 2020, while U.S. self-propelled combine sales jumped 72.9 percent, the fourth month in a row of growth near or above 20 percent for harvesters. The sub-40hp stayed positive, growing 4.5 percent, while the mid-size 41-100hp segment was up 4.1 percent. Heavy duty units saw another big month, with 100+hp units up 10.3 percent, however articulated 4WD segment continued to slow, declining 6.3 percent. Year-to-date farm tractor sales remain up 11.4 percent, and combines growth moved to 24.4 percent.
For Canada, October monthly tractor and combine sales were positive as well, with both ag tractors and combines finishing the month in the black. The sub-40hp segment was up 8.6 percent, while the biggest growth sectors were 4WD and combine harvesters, up 48 and 44.2 percent respectively. Total farm tractor sales were up year-to-date 23.4 percent.
“We’re pleased to see ag equipment sales remain positive, despite the very real supply chain challenges” said Curt Blades, senior vice president of agriculture services at the Association of Equipment Manufacturers. “We remain optimistic that these positive sales trends will continue along with the ongoing strength in the ag economy.”
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 2.8 million jobs and contributes roughly $288 billion to the economy every year.