Ag Equipment Sales Continue a Positive Trend in August
August marked the 5th month in a row that tractor and self-propelled combine sales increase in the U.S. Sales also reported a year-over-year increase for the third month in a row in Canada.
The latest data from the Association of Equipment Manufacturers shows U.S. total farm tractor sales rose 12.8% last month when compared to 2019. Self-propelled combine sales grew by 1%. Four-wheel-drive units grew for the first time in the U.S. during August, climbing 14% to 218 units. 100-plus horsepower units remain the only slow spot in the market, with 7.8% fewer of them finding new owners in August.
Total year-to-date farm tractors out the door are up 14% this year, while combines are now up 3.6% in 2020.
“We’re not surprised with seeing growth in combines pick up, with USDA predictions of larger harvest sizes for this year,” said Curt Blades, senior vice president of Ag Services with AEM. “We’re still watching the 100-horse and four-wheel drive sales closely as those are units that indicate just how the large-field farmers are feeling.”
Blades added this month’s overall equipment sales remain above the five-year average and AEM is pleased with that.
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