US tractor and combine sales ‘positive’ on a year-to-date basis
Sales of new tractors and combine harvesters in the US remain positive on a year-to-date basis, but some declines were seen within the month of October. That’s according to the most recent report from the Association of Equipment Manufacturers (AEM).
Sales of (self-propelled) combine harvesters declined by 7% in October (compared to October of 2017). Sales of 4WD tractors were flat, showing just a 1% month-over-month drop.
However, on a year-to-date (January-to-October inclusive) basis, sales of combines are up 17% in the US, while sales of 4WD tractors are up 13.5%.
Meanwhile, sales of 2WD tractors grew by 6% in October (compared to October of 2017). There was a 9% gain for under-40hp tractors, a 5% increase for 40-100hp tractors and a drop of 8% for 100hp+ tractors.
Year-to-date (January-to-October inclusive) growth for US sales of 2WD tractors topped 7%. Under-40hp tractors gained 10%; 40-100hp tractors grew 2%; and sales of 100hp+ tractors increased by 6%.
“With the 2018 mid-term elections over, we urge our elected leaders to re-focus on ensuring a strong agricultural economy,” said AEM senior vice president of Ag services Curt Blades.
“We will continue to advocate for agriculture, including a robust farm bill, infrastructure, trade, rural broadband and a strong Renewable Fuel Standard.”
Scope of the AEM
AEM is a North American based international trade group that represents off-road equipment manufacturers and suppliers.
It claims to have more than 1,000 companies within its ranks – accounting for more than 200 product lines in the agriculture and construction-related sectors worldwide.
The equipment manufacturing industry in the US is said to support 1.3 million jobs. It apparently contributes $159 billion to the economy every year.