Unit Sales of Four-Wheel Drive, Row Crop Farm Tractors Continue Growth in August
Heavy duty row crop tractor unit sales continued to increase in the U.S., while overall farm tractor unit sales in the U.S. and Canada declined in August, according to the latest data from the Association of Equipment Manufacturers (AEM).
In the U.S., 100+hp 2WD tractors, and 4WD tractors were the only segments to grow year-over-year. Both those segments, along with self-propelled combines remain positive for the year. The biggest overall growth among tractors happened in 4WD units, growing more than 20 percent in August.
“North American row-crop farmers continue to add and adopt new technology to their equipment fleets to help reduce costs and improve yields,” said Curt Blades, senior vice president, industry sectors and product leadership at the Association of Equipment Manufacturers. “The appeal of the newer equipment centers on improved fuel efficiency, better GPS technology, and improved automation features, which is why farmers are continuing to make these investments.”
Overall unit sales of U.S. tractors are down 4.6 percent compared to sales in August 2022, while combine sales declined slightly by 2.4 percent. Canadian tractor sales, improved their pace versus the previous month, falling just over 6 percent, with combines declining more than 17 percent.
In Canada, 100+hp 2WD tractors were the lone growth segment, up more than 5 percent, staying positive year-to-date, along with 4WD tractors and combines.
Year to date, tractor sales improved their pace, with declines falling to just over 8 percent in the U.S., while combines remain up nearly 32 percent. Canadian tractor unit sales had a similar improvement, now down just over 14 percent, with combines up more than 33 percent.
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 2.3 million jobs and contributes roughly $316 billion to the economy every year.