Increase in 4-Wheel-Drive Ag Tractor Sales Continues in November
Unit sales of 4-wheel-drive agriculture tractors grew in both the U.S. and Canada in November, continuing a strong final quarter of 2023, according to the latest data from the Association of Equipment Manufacturers (AEM).
In the U.S., the November data shows that 4-wheel-drive tractors grew year-over-year 72.6 percent, the only segment to see growth for the month. Year-to-date, 4-wheel-drive tractor sales are up 38.2 percent, leading all segments in unit sales growth. In Canada, 4-wheel-drive unit sales were up 84.8 percent for the month, and 41.5 percent year-to-date.
“November is historically a slow month for tractor and combine sales,” said Curt Blades, senior vice president, industry sectors and product leadership at the Association of Equipment Manufacturers. “We are happy to see the year-to-date sale’s strength in the larger equipment market and remain optimistic for the long-term.”
Overall unit sales of U.S. tractors are down 4.7 percent compared to sales in November 2022, while combine sales finished 11.3 percent below this time last year. Canadian tractor sales finished the month up 1.0 percent. Combines were also down for the month, falling 12.8 percent.
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.