Thanks to a strong month of April, farm tractor unit sales continue double-digit growth rate in both the U.S. and Canada, and inventories continue to fall.
U.S. total farm tractor sales rose 22.7% in April compared to 2020, which was the first month of the current sales growth trend, while U.S. combine sales fell 3.2%. U.S. tractor sales grew across every segment, with the biggest gains in the 100 plus horsepower segment, up 29.2%.
For Canada, April monthly tractor and combine sales were positive across all segments, with the four-wheel-drive segment nearly doubling, up 93.3%, while total farm tractor sales were up 72.3%. Combine sales also grew 23.1%.
Curt Blades, Senior Vice President of Ag Services at the Association of Equipment Manufacturers, says, “Seeing the larger row-crop units leading the way in segment gains shows the pull rising commodity prices have been having on equipment sales.”
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