May Ag Equipment Sales Numbers Show Overall Growth, Declines in Larger Tractors and Combines
Overall unit sales of agricultural tractors and self-propelled combines in May 2020 rose in the U.S. according to the latest data from the Association of Equipment Manufacturers (AEM), with smaller machine sales growth overpowering declines in the bigger segments and combines.
U.S. total farm tractor sales rose 15.1 percent in May compared to 2019 while U.S. May self-propelled combine sales fell 2.9 percent. Heavy-duty (100+ hp, articulated 4WD) tractors both declined in unit sales in the U.S. Total YTD sales of all farm tractor now show positive at 4 percent growth for 2020, while combines remain down 9.5 percent in the same period.
For Canada, May tractor sales fell across most segments, leading to an overall decline of tractor sales of 0.8 percent, with self-propelled combines following along falling 65 percent to only 41 units sold. That puts overall farm tractors down 9.4 percent for 2020 YTD, and combines down 41.1 percent in Canada.
“The growth we’re seeing in the sub-100 horsepower segments appears to be an unusual side-effect of COVID-19-related quarantines, as large home property owners and hobby farmers are spending more time at home, and with their equipment, and desiring an upgrade,” said Curt Blades, senior vice president of Ag Services at the Association of Equipment Manufacturers. “The larger machinery that remains in decline are row-crop tractors and harvesters that do the major work on commercial farming operations. This decline is clearly a reflection of uncertainty in the overall ag economy at this time.”
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.