February 2024 Sees Marginal Increase in 100+ Horsepower Tractor Sales in the U.S.
Unit sales of 100+ horsepower ag tractors increased slightly in February 2024 in the U.S., according to new data from the Association of Equipment Manufacturers (AEM). The month recorded an increase of 2.8% compared to February 2023.
Year-to-date data, however, reflects sales are below 2023 in total units of ag tractors and combines. Ag tractor sales dipped 14.2%, while combines finished under 18.9%.
In Canada, combine sales jumped 27.2% in February 2024 compared to 2023, and are up a total of 6.3% year-to-date compared to last year. A total of 131 combines were sold in February, adding to the overall year-to-date sales of 255 units.
“The combine sales in Canada are a bright spot when we take a deeper look at February’s performance,” said AEM Senior Vice President Curt Blades. “The uptick in sales of 100+ horsepower ag tractors in the U.S. also bodes well for the long-term strength of our industry moving forward.”
Total ag tractor sales fell in Canada by 28.2% year-to-date compared to 2023.
The Ag Tractor and Combine reports can be found on the AEM Market Share Statistics page. The U.S. report can be downloaded from this page, while the Canadian report is available for download here.
About the Association of Equipment Manufacturers (AEM)
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 2.3 million jobs and contributes roughly $316 billion to the economy every year.