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Strong Finish for Q3 Tractor Sales

Unit sales of four-wheel-drive ag tractors experienced a notable upswing in both the U.S. and Canada in September, closing the third quarter of 2023 in a strong position.

The latest monthly data from the Association of Equipment Manufacturers shows 100-plus two-wheel-drive tractors, and four-wheel-drive tractors grew year-over-year in the United States. Both segments, along with combines, remain positive for the year. Overall unit sales of U.S. tractors are down 4.3 percent compared to sales in September 2022, with 100-plus horsepower two-wheel-drive units being the only other growth segment, while combine sales finished nearly flat, only selling eight fewer units than the previous year.

Canadian tractor sales fell nearly 14 percent, with combines declining more than 37 percent. Year to date, at the end of the third quarter of 2023, combine sales overall are positive, up more than 25 percent, while tractors altogether are down just over eight percent in the United States.

Jesse Allen talks about the numbers with Curt Blades from AEM:

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