U.S. Ag Tractor Sales Start 2023 Negative, While Canada Grows in All Segments
U.S. ag tractor sales finish January 2023 in the negative, while all segments of ag equipment grew in Canada according to the latest data from the Association of Equipment Manufacturers (AEM).
Total U.S. ag tractor unit sales fell for the month of January in all segments except one, with 100+hp 2WD tractors growing 22.8 percent. U.S. self-propelled combine sales, however, continued its growth streak, climbing 132.7 percent year-over-year. All other segments fell, with the sub-40hp segment continuing to lead losses for the month of January. Total farm tractor sales in the U.S. for the month fell 14.1 percent versus January 2022.
In Canada, combine harvesters led sales again, up 179.6 percent, moving 137 units in January. Overall unit sales in tractors finished the month up 7 percent, with the 4WD segment leading the way in Canada, growing 75 percent for January, followed by 100+hp 2WD units up 18.6 percent. Even the sub-40hp segment, a loss leader for several months after coming off a pandemic-influenced sales spike, grew 1.3 percent.
“Most of the trends we’re seeing in this month’s report continue what we saw throughout most of 2022,” said Curt Blades, senior vice president, industry sectors and product leadership at the Association of Equipment Manufacturers. “However, the industry-wide growth we see in Canada this month is a pleasant sight, and we hope that trends continue and expands to the U.S. market.”
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.