Farm Tractor Sales Finish 2020 Up 17 Percent in U.S., 10 Percent in Canada
MILWAUKEE – Farm tractor and self-propelled combine unit sales finish the year with solid growth across the U.S., while sales in most sectors in Canada were also positive according to the latest data from the Association of Equipment Manufacturers (AEM).
U.S. total farm tractor sales rose 26.8 percent in December compared to 2019 while U.S. self-propelled combine sales fell 1.9 percent. U.S. four-wheel-drive units fell slightly in December, down 3.7 percent to 309 units, year-to-date sales finishing up 3.7 percent. 100+hp posted healthy growth in December, up 21.8 percent, keeping the big units positive for the year, finishing up 3.2 percent. Total YTD farm tractors out the door are up 17.9 percent in 2020, while combines finished 2020 up 5.5 percent.
For Canada, December monthly tractor sales showed healthy growth in all segments, with biggest growth in the 4WD segment up 37 percent, while sub-40hp units grew 317 percent, 40-100 hp units up 21.2 percent, and the big 100+ hp tractors growing 15.3 percent. That puts total farm tractor sales up 10.6 percent for 2020, while self-propelled combines fell 30 percent on the month, and 13.9 percent for the year.
“The year 2020 was difficult on a number of fronts, despite uncertainty in the overall economy, the ag equipment market has been pretty strong.” said Curt Blades, Senior Vice President of Ag Services at the Association of Equipment Manufacturers. “The growth we saw in farm tractors and combines was pleasant news—driven by largely smaller equipment. Overall, ag equipment manufacturers sold nearly fifty thousand more tractors and combine units in 2020 than in 2019 across North America.”
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.