U.S. Sales of 100+ Horsepower Tractors Increase for Second Month in a Row
For the second straight month, unit sales of 100+ horsepower ag tractors increased in the U.S., according to the new data from the Association of Equipment Manufacturers (AEM). March sales jumped 3.2% compared to last year, following February’s increase of 2.8% compared to 2023.
Total year-to-date unit sales of ag tractors and combines are below 2023’s pace. Tractors are down 13.3% while combines fell 20.4%
“Seeing the continued growth in 100+ horsepower tractor sales is a welcome sight as 2024 progresses, despite the softness in other tractor sizes” said AEM Senior Vice President Curt Blades. “As we start the planting season, we remain optimistic for the future of the ag equipment market.”
Unit sales of 100+ horsepower tractor sales also grew in Canada in March, rising 2.7% compared to 2023. 4-wheel-drive ag tractors unit sales jumped 27.3% compared to last year and are up 10.8% year-to-date in Canada.
The Ag Tractor and Combine reports can be found on the AEM Market Share Statistics page. The U.S. report can be downloaded from this page, while the Canadian report is available for download here.
About the Association of Equipment Manufacturers (AEM)
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.