May 2021 U.S. Farm Tractor Sales Show Small Blip, Canada Growth Remains Strong
A slowdown in the sales of sub-40hp units pulls total U.S. total farm tractor sales negative, while all other segments and Canada continue strong growth according to the latest data from the Association of Equipment Manufacturers (AEM).
U.S. total farm tractor sales fell 3.9 percent in May compared to 2020, marking the first overall negative result in a year, while U.S. self-propelled combine sales climbed a healthy 33.2 percent. Only the sub-40hp segment saw a decline in year-over-year sales, falling 8.9 percent, but that was enough to bring a negative result to total farm tractor unit sales. All other segments were positive, with the biggest gains in the articulated 4WD segment, up 62.2 percent to 253 units sold. The midsize 40-100hp units were up 6.7 percent, and the 100+hp 2WD tractors up 28.6 percent. Year to date farm tractor sales remain up 25.8 percent and combines up 13.1 percent.
For Canada, May monthly tractor and combine sales were positive across all segments, with the biggest growth in combine harvesters, up 165.9 percent to 109 units sold, while total farm tractor sales were up 22.7 percent to 3,433 units sold.
“While the sub-40hp segment fell some this month, they’re still up a strong 26 percent year-to-date,” said Curt Blades, Senior Vice President of Ag Services at the Association of Equipment Manufacturers. “That is slightly ahead of the overall farm tractor market, and, once again, over and above already-strong 2020 sales gains.”
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.