U.S. sales of tractors and combines in June fell significantly from a year ago, according to new data from the Association of Equipment Manufacturers (AEM).
Combines sales declined 31% below June 2023, while sales of 2-wheel-drive tractors dropped 16.3%. Four-wheel-drive tractors only fell 1.3% within the same time frame.
Last year, June 2023 data showed a 10% increase in combine sales over June 2022 numbers, while four-wheel-drive tractor sales shot up 22% over the same time frame.
“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.”
In Canada, sales of 4-wheel-drive tractors grew 10.6% in June 2024 compared to the prior year. Canadian sales of combines also increased year-to-date, finishing the month up 13.6%.
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