MARCH U.S. AG EQUIPMENT SALES SEE GROWTH IN SOME SECTORS, DROPS IN OTHERS, PER AEM REPORT
MARCH U.S. AG EQUIPMENT SALES INCREASE PER AEM REPORT
March saw mostly positive numbers for U.S. sales of Ag tractors and combines, according to the latest AEM sales data.
Total 2-wheel-drive tractor sales for the U.S. in March experienced a 0.3 percent drop compared to March of 2018. However, under-40-HP tractors and 100-plus-hp both saw growth since March 2018 with a 0.2 percent and 4.8 percent change respectively. These increased sales were overshadowed by the 3.3 percent drop that 40-100-HP 2-wheel-drive tractors recorded, though, resulting in the 0.3 percent overall drop in total 2-wheel-drive tractor sales from 2018 to 2019.
On the other hand, total sales for 4-wheel-drive tractors for the U.S. in March experienced a 13.4 percent growth from 2018 and self-propelled combine sales experienced a massive spike of 71.3 percent in sales.
Canada did not see as many positive numbers in March, with growth in only under-40-hp tractors (13.1 percent growth), 40-100-hp tractors (3.5 percent growth) and total 2-wheel-drive tractors (0.8 percent growth).
"We saw positives and negatives to March’s sales numbers of Ag tractors and combines,” said Curt Blades, AEM senior vice president, Ag services. “While U.S. total tractor sales were down 0.2 percent, trade uncertainties and implementation of the farm bill continue to weigh heavy on the minds of our members and their customers. We also remain concerned about Canada’s continued problematic sales numbers.”
The full reports can be found in the Market Data section of the AEM website under Ag Tractor and Combine Reports: https://www.aem.org/market-data/.
About Association of Equipment Manufacturers: AEM is the North American-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 supports 1.3 million jobs in the U.S., and 149,000 more in Canada. Equipment manufacturers also contribute $188 billion combined to the U.S. and Canadian economies. AEM is celebrating its 125th anniversary in 2019.
Learn more about AEM at www.aem.org.