Farm Tractor Sales Continue Healthy Unit Sales Growth for February
U.S. farm tractor unit sales continue closing in on twelve straight months of growth, while Canada also continues a long growth streak according to the latest data from the Association of Equipment Manufacturers (AEM).
U.S. total farm tractor sales rose 41.1 percent in February compared to 2020 while U.S. self-propelled combine sales fell 18.8 percent. U.S. unit sales grew across almost all segments, with the biggest gains continuing in the small sub-40hp segment (gaining 46.8 percent). 100+hp took second place in February, up 45.7 percent, while the mid-range 40-100hp segment climbed 28 percent. Four-wheel-drive units slowed slightly, down 3.4 percent for the month.
For Canada, February monthly tractor and combine sales grew across all segments, with the sub-40hp segment leading the way, up 81.5 percent, 100+hp units and 4WD units grew big as well, both up nearly 58 percent. Total farm tractor sales grew healthily, as a result, 61.1 percent for February 2021 while combines delivered 23.3 percent more units.
“This growth streak has been going in the U.S. since April, and in Canada since June,” said Curt Blades, Senior Vice President of Ag Services at the Association of Equipment Manufacturers. “However, we’re closely watching the bigger units, which are more dependent on the strong commodity prices we’re experiencing right now, to see if this trend continues.”
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.