North American Ag Tractor, Combine Sales Fall for Second Consecutive Month
Ag tractor and combine unit sales in April 2022 declined for the second month in a row, owing largely to supply chain difficulties, according to the latest data from the Association of Equipment Manufacturers (AEM).
U.S. total farm tractor sales fell 22.3 percent for the month of April compared to 2021, while U.S. self-propelled combine sales for the month declined 5.6 percent to 459 units sold. The 100+ horsepower 2WD segment was the only growth sector in the U.S. market for the second month in a row, up 3.2 percent, while mid-range tractors between 40 and 100 horsepower fell 19.5 percent, and the sub-40hp segment led losses, down 25 percent. 4WD tractors took a similar drop as their 2WD cousins, down 21.1 percent. Total farm tractor sales are now down 13.7 percent year-to-date, while combines are down 14.5 percent for the same.
In Canada, unit sales fell in all segments again for a 19 percent decline in total farm tractor sales, led by 4WD units once more, down 49.3 percent. Total 2WD unit sales were down in every segment, leading to an overall 17.3 percent year-on-year unit sales loss. Combine harvesters were down as well in Canada, falling 14.1 percent to 110 units sold. Year-to-date farm tractor unit sales are down a 7.7 percent in Canada, while harvesters are down 28 percent.
“Supply chain remains the number one difficulty our member manufacturers are facing,” said Curt Blades, senior vice president, industry sectors & product leadership at the Association of Equipment Manufacturers. “At the same time, we’re comparing to record numbers from 2021, and while these numbers may look disappointing, they remain above the 5-year average.”
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.