U.S. Sales of Ag Tractors and Combines Drop in November 2024
MILWAUKEE (December 11, 2024) - According to new data from the Association of Equipment Manufacturers (AEM), U.S. sales of Ag tractors and combines fell in November 2024 compared to the year before.
U.S. sales of tractors in all classes dropped 14.5% compared to November 2023. U.S. sales of combines remain soft, showing a decline of 24% year-to-date in 2024.
“November’s sales of Ag tractors and combines follow the same pattern of the last few months softness in the market,” said AEM Senior Vice President Curt Blades. “This slowdown in sales can be traced back to high interest rates and uncertainty in the overall ag economy.”
Canadian sales of Ag tractors dropped 18.8% while combines fell 39.4% in November 2024 compared to the year before.
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 AEM
The Association of Equipment Manufacturers (AEM) is North America’s premier trade organization representing off-road equipment manufacturers and their value chain partners. With a rich history spanning over 125+ years, AEM serves more than 1,100 members companies across 200+ product lines in multiple sectors including construction, agriculture, mining, utility, and forestry. AEM supports an industry that contributes approximately $316 billion annually to the U.S. economy while sustaining 2.3 million jobs. Through advocacy, market intelligence, and industry collaboration, AEM works to advance the interests of equipment manufacturers and their partners in the global marketplace.