October 14, 2020
Sales of all segments of ag equipment grew in September 2020, continuing a positive trend for the year according to the latest data from the Association of Equipment Manufacturers.
Here's a look at the data:
U.S. total farm tractor sales rose 21.6% in September compared to 2019
U.S. self-propelled combine sales grew 8.2% in September compared to 2019.
Sales of four-wheel-drive units grew for the second month in a row in the U.S. in September, up 21.4% to 374 units, cutting the year-to-date deficit almost in half to -4.7%.
100+hp unit sales also climbed in September, up 7%, bringing big units closer to breaking even for the year, now down only 1.8%.
Total YTD farm tractors out the door are up 14.7% in 2020, while combines are now up 4.3% on the year.
For Canada, September tractor sales grew across all segments as well, leading to an overall gain in tractor sales of 25.1% for the month and 8.9% YTD. Self-propelled combine sales grew 9.5% for the month, while YTD unit sales remain 9.4% behind their 2019 pace.
“Overall tractor sales continue to be driven by small tractors, but we are also starting to see some improvement in larger horsepower and 4WD tractors,” said Curt Blades, senior vice president of ag services at the Association of Equipment Manufacturers. “With all tractor and combine segments showing month-to-month growth in September, we’re cautiously optimistic that this year may end up strong despite all of the head winds in the market.”
The full reports can be found in the Market Data section of the AEM website under Ag Tractor and Combine Reports.
Source: AEM, 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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