Decline in U.S. Sales of Ag Tractors & Combines in June 2024

Jul 18, 2024

U.S. sales of Ag tractors and combines in June 2024 fell below reported sales from the same month a year ago, according to new data from the Association of Equipment Manufacturers (AEM).

June sales of 2-wheel-drive tractors dropped 16.3% compared to 2023, while 4-wheel-drive tractors fell 1.3% within the same timeframe. Combines sales declined as well, finishing the month 31% below June 2023.“June’s sales of Ag tractors and combines follow a May that also showed a slowdown in sales,” said AEM Senior Vice President Curt Blades. “This softness in the market follows a robust five years of sales. The challenges facing the subcompact tractor market illustrate why the passage of a strong farm bill is so needed to lift rural Americaand our farmers and growers.”

In Canada, sales of 4-wheel-drive tractors were a bright spot, growing 10.6% in June 2024 compared to the prior year. Canadian sales of combines increased year-to-date, finishing the month up 13.6%.

The Ag Tractor and Combine reports can 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

Source : Farm Equipment

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