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6 points from equipment sales report
Self-propelled combine sales increased 11.5% in August, according to Association of Equipment Manufacturers
September 13, 2019
1 Min Read
Low crop prices don’t appear to be deterring farmers from making capital investments. U.S. sales of self-propelled combines and 4-wheel-drive tractors as well as total U.S. 2-wheel-drive tractor sales increased in August 2019 as compared to August of last year, according to the latest data from the Association of Equipment Manufacturers.
Here’s the highlights:
U.S. 4-wheel-drive tractor sales increased 19.3% in August compared to last year.
Self-propelled combine sales increased 11.5% compared to August 2018.
Total U.S. sales of 2-wheel-drive tractors in August increased 1.9% compared to August last year
Sales of under 40 HP 2-wheel-drive tractors increased 2.1%.
Sales of 100-plus HP tractors increased 13.6%.
Sales of 40-100 HP tractors decreased 1.4%.
“Although the numbers are flat to positive for the year, we and the industry remain cautious about the overall ag economy,” said Curt Blades, senior vice president of Ag Services at the Association of Equipment manufacturers.
Source: AEM, which is the North America-based international trade group representing off-road equipment manufacturers and suppliers. AEM is solely responsible for the information provided and is wholly owned by the source. Informa Business Media and all its subsidiaries are not responsible for any of the content contained in this information asset.
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