ASSN OF EQUIPMENT MANUFACTURERS (AEM) REPORTS MIXED TRACTOR SALES RESULTS FOR FEBRUARY
Mar. 16, 2020
Source: Assn of Equipment Manufacturers (AEM) news release
Milwaukee, Wisconsin -- February 2020 saw mixed results in overall U.S. sales of tractors. The bright spot was 4WD and 100+ horsepower tractors which showed healthy gains year over year, according to the latest data from the Association of Equipment Manufacturers (AEM).
U.S. total farm tractor sales decreased 7.5 percent in February compared to last year while U.S. February self-propelled combine sales fell 21.1 percent.
However, within those numbers, we saw a 6.2 percent gain in tractors above 100 horsepower to 946 units, and a 7.3 percent rise in 4WD units to 177 sold.
Total U.S. sales of 2-wheel-drive tractors fell in February a total of 7.5 percent year over year. Sales of under-40 HP 2-wheel-drive tractors were down 9.7 percent, and sales of 40-100 HP tractors went down 5.6 percent.
"What we're seeing in tractor unit sales is in line with expectations," said Curt Blades, senior vice president of Ag Services at the Association of Equipment Manufacturers. "A lot of uncertainty in overall global markets is being reflected in agricultural goods markets, and that ultimately gets reflected in the capital expenditure decisions, like major equipment purchases, that farmers make."
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.