U.S. SALES OF 2-WHEEL-DRIVE TRACTORS UP IN JANUARY
Feb. 17, 2020
Source: Association of Equipment Manufacturers (AEM) news release
Milwaukee, Wisconsin -- January 2020 saw mixed results in overall U.S. sales of tractors. Total farm tractor sales grew compared to January of last year, according to the latest data from the Association of Equipment Manufacturers (AEM).
U.S. total farm tractor sales increased 4.7 percent in January compared to last year.
Total U.S. sales of 2-wheel-drive tractors grew in all segments in January a total of 4.9 percent compared to January 2019: under 40 HP 2-wheel-drive tractors were up 2.6 percent, and sales of 40-100 HP tractors went up 4.6 percent, while sales of 100-plus HP tractors led the way with 19.6 percent growth to 1,361 units.
"The sales numbers we are seeing for January 2020 are in line with our expectations," said Curt Blades, senior vice president of Ag Services at the Association of Equipment Manufacturers. "With the approval of the USMCA and the announcement of the Phase One trade agreement between the U.S. and China, we believe we are seeing some positive trends on the horizon for ag equipment sales."
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 1.3 million jobs and contributes roughly $159 billion to the economy every year.