January Tractor Sales Up Slightly in the U.S.

Photo courtesy of AEM

Unit sales of four-wheel-drive tractors grew slightly in the U.S. during January. The latest data from the Association of Equipment Manufacturers shows four-wheel-drive tractor sales increased 1.4 percent year-over-year and was the only segment to show growth in January. In Canada, four-wheel-drive tractor sales were unchanged at 409 units in January compared to 2023.

“The slight gain in U.S. four-wheel-drive tractors is positive news as 2024 begins,” says AEM Senior Vice President Curt Blades. “While overall sales fell in both the U.S. and Canada compared to January 2023 sales, we remain optimistic about future long-term growth.”

Overall unit sales of U.S. tractors dropped 21.2 percent compared to January 2023 sales, while combine sales finished 4.9 percent below last January. Under-40 horsepower tractors were down 26 percent from last year. Canadian tractor sales ended January 30 percent below the 2023 data. Combines were also down 9.5 percent in January compared to last year.

Read the full report here: https://newsroom.aem.org/january-2024-4-wheel-drive-ag-tractor-sales-increase-slightly-in-the-us/