WHAT'S SELLING: AEM RELEASES NOVEMBER U.S. AG EQUIPMENT SALES REPORT
The Association of Equipment Manufacturers' (AEM) U.S. Ag Tractor and Combine Report from November shows overall sales remained positive year-to-date.
U.S. sales of self-propelled combines gained 9.2 percent in November compared to last year, and U.S. sales of 4-wheel-drive tractors increased 60.7 percent month-over-month. November year-to-date U.S. sales showed a 16.6 percent growth for combines and 15.9 percent growth for 4-wheel-drive tractors.
Total November sales of 2-wheel-drive tractors declined 0.9 percent compared to last year: a 2 percent gain for under-40 HP tractors, a 7.8 percent drop for 40-100 HP tractors, and a 4.4 percent gain for 100-plus HP tractors. November year-to-date growth for overall U.S. sales of 2-wheel-drive tractors grew 6.9 percent; under-40 HP tractors gained 9.3 percent; 40-100 HP tractors increased 1.4 percent; and 100-plus HP tractors grew 5.5 percent.
"Equipment sales overall have been resilient this year, but we are starting to see some softening as the year winds down. Trade issues remain a major concern, especially the uncertainty caused by tensions with China. On a brighter note, we are encouraged by the administration's efforts regarding year-round availability of E-15 fuel. And we're urging swift action on the farm bill to provide some stability for farmers dealing with uncertain markets and lower farm income," said Curt Blades, AEM senior vice president, Ag services.
The full report can be found on 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 1.3 million jobs and contributes roughly $159 billion to the economy every year.