AEM - Association of Equipment Manufacturers

04/12/2024 | News release | Distributed by Public on 04/12/2024 05:03

U.S. Sales of 100+ Horsepower Tractors Increase for Second Month in a Row

For the second straight month, unit sales of 100+ horsepower ag tractors increased in the U.S., according to the new data from AEM. March sales jumped 3.2% compared to last year, following February's increase of 2.8% compared to 2023.

Total year-to-date unit sales of ag tractors and combines are below 2023's pace. Tractors are down 13.3% while combines fell 20.4%

"Seeing the continued growth in 100+ horsepower tractor sales is a welcome sight as 2024 progresses, despite the softness in other tractor sizes" said AEM Senior Vice President Curt Blades. "As we start the planting season, we remain optimistic for the future of the ag equipment market."

Unit sales of 100+ horsepower tractor sales also grew in Canada in March, rising 2.7% compared to 2023. 4-wheel-drive ag tractors unit sales jumped 27.3% compared to last year and are up 10.8% year-to-date in Canada.

The Ag Tractor and Combine reportscan be found on the AEM Market Share Statistics page. The U.S. report can be downloaded from this page, while the Canadian report is available for download here.

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