Tractor inventories continue to fall as strong sales continue, according to the latest data from the Association of Equipment Manufacturers.
In the United States
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. self-propelled combine sales fell 3.2%. U.S. tractor sales grew across every segment, with the biggest gains in the 100+hp segment, up 29.2%. The midsize 40-100hp units were up 28.8%, and the sub-40hp class is up 20.8%. Four-wheel-drive units grew 15.1%, putting them up 12% year-to-date.
For Canada, April monthly tractor and combine sales were positive across all segments, with the 4WD segment nearly doubling, up 93.3% to 201 units sold, while total farm tractor sales were up 72.3% to 3,671 units sold. Self-propelled combines also grew 23.1%.
“April was the month we were watching to see how this growth trend would look once it hit the official twelve-month mark,” said Curt Blades, senior vice president of ag services at the Association of Equipment Manufacturers. “Seeing the larger row-crop units leading the way in segment gains shows the pull rising commodity prices have been having on equipment sales.”