U.S. ag tractor gross sales end January 2023 within the adverse, whereas all segments of ag tools grew in Canada in keeping with the most recent information from the Affiliation of Tools Producers (AEM).
Whole U.S. ag tractor unit gross sales fell for the month of January in all segments besides one, with 100+hp 2WD tractors rising 22.8 %. U.S. self-propelled mix gross sales, nevertheless, continued its progress streak, climbing 132.7 % year-over-year. All different segments fell, with the sub-40hp section persevering with to steer losses for the month of January. Whole farm tractor gross sales within the U.S. for the month fell 14.1 % versus January 2022.
In Canada, mix harvesters led gross sales once more, up 179.6 %, transferring 137 items in January. General unit gross sales in tractors completed the month up 7 %, with the 4WD section main the way in which in Canada, rising 75 % for January, adopted by 100+hp 2WD items up 18.6 %. Even the sub-40hp section, a loss chief for a number of months after coming off a pandemic-influenced gross sales spike, grew 1.3 %.
“Many of the tendencies we’re seeing on this month’s report proceed what we noticed all through most of 2022,” stated Curt Blades, senior vp, {industry} sectors and product management on the Affiliation of Tools Producers. “Nonetheless, the industry-wide progress we see in Canada this month is a pleasing sight, and we hope that tendencies proceed and expands to the U.S. market.”
The total stories might be discovered within the Market Knowledge part of the AEM web site below Ag Tractor and Mix Stories.
U.S.: https://www.aem.org/market-data/statistics/us-ag-tractor-and-combine-reports/
Canada: https://www.aem.org/market-data/statistics/canadian-ag-tractor-combine-reports/