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Serving: United States
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AEM releases February 2020 sales figures

4WD and 100+ horsepower tractors showed healthy sales gains year over year.

There were mixed results in U.S. tractor and combine sales in February 2020.

The bright spot was 4WD and 100+ horsepower tractors which showed healthy gains year over year, however, overall tractor and combine sales fell for February, according to the latest data from the Association of Equipment Manufacturers.

U.S. total farm tractor sales decreased 7.5% in February compared to last year while U.S. February self-propelled combine sales fell 21.1%.

However, within those numbers, there was a 6.2% gain in tractors above 100 horsepower to 946 units, and a 7.3% rise in 4WD units to 177 sold.

Total U.S. sales of 2-wheel-drive tractors fell in February a total of 7.5% year over year. Sales of under-40 HP 2-wheel-drive tractors were down 9.7%, and sales of 40-100 HP tractors went down 5.6%.

“What we’re seeing in tractor and combine 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.”

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.

Source: Association of Equipment Manufacturers, which 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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