Farm Tractor Unit Sales Continue Growth Trend in U.S., Canada
Farm tractor and self-propelled combine unit sales continue their growth across the U.S. in November 2020, while small to mid-size units continue growth in Canada according to the latest data from the Association of Equipment Manufacturers (AEM).
U.S. total farm tractor sales rose 41 percent in November compared to 2019 while U.S. self-propelled combine sales grew 33.1 percent. U.S. four-wheel-drive units nearly doubled in November, up 91.4 percent to 201 units, now up year-to-date 4.7 percent. 100+hp also grew in November, up 24.2 percent, keeping the big units positive for the year, now up 1.2 percent YTD. Total YTD farm tractors out the door are up 16.4 percent in 2020, while combines are now up 6.4 percent on the year.
For Canada, November tractor sales saw its biggest growth in the sub-40hp range, carrying overall tractor sales to a 4.4 percent growth for the month and 9.1 percent YTD, while 40-100hp stayed almost flat, only growing 0.3 percent and 100+hp units had a similarly small drop of 0.5 percent. Four-wheel-drive units fell 7.7 percent in November, while self-propelled combines took a 45 percent tumble for the month, putting YTD unit sales 11.1 percent behind their 2019 pace.
“On the whole, this sales report continues the generally positive trends we have seen since April,” said Curt Blades, Senior Vice President of Ag Services at the Association of Equipment Manufacturers. “That trend includes strong growth in the smaller units, while bigger units are following along a little more slowly.”
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.
AEM continues to lead the industry’s response to the COVID-19 pandemic, and is working closely with state and federal officials to help keep equipment manufacturing in America strong and ensure the nation’s economic resilience. AEM has also called for bold action from Congress and federal agencies, including continued federal designation deeming equipment manufacturers and their employees, suppliers, and distributors as “essential” and additional support to ensure small and medium-sized equipment manufacturers have access to the cash they need to keep operations going.