January 2024 4-Wheel-Drive Ag Tractor Sales Increase Slightly in the U.S.
Unit sales of 4-wheel-drive agriculture tractors grew slightly in the U.S. during the first month of 2024, according to the latest data from the Association of Equipment Manufacturers (AEM).
In the U.S., January data shows 4-wheel-drive tractors increased year-over-year 1.4 percent, the only segment to show growth in the month. In Canada, 4-wheel-drive tractor sales remained unchanged at 49 units in January compared to 2023.
“This slight gain in U.S. 4-wheel-drive tractors is positive news as 2024 kicks off,” said AEM Senior Vice President Curt Blades. “While overall sales fell in both the U.S. and Canada compared to January 2023 sales, we remain optimistic about future long-term growth.”
Overall unit sales of U.S. tractors are down 21.2 percent compared to January 2023 sales, while combine sales finished 4.9 percent under. Canadian tractor sales finished 29.9 percent under 2023’s data. Combines were also down in January, falling 9.5 percent.
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.
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.