U.S. sales of tractors and combines were in the plus column during September, according to the latest report from the Association of Equipment Manufacturers (AEM).
U.S. sales of self-propelled combines gained 9% in September compared to last year, and U.S. sales of 4-wheel-drive tractors grew 52% month-over-month. For January-September, U.S. combine sales topped 21% and 4-wheel-drive tractor sales increased 18.5%.
For September, total U.S. sales for 2-wheel-drive tractors gained 1%, led by a 28.5% increase in 100-plus HP tractors, followed by 2% growth for under-40 HP tractors, and a 7% drop for 40-100 HP tractors.
January-September year-to-date growth totaled 7.5% for 2-wheel-drive tractors: under-40 HP tractors gained 10%; 40-100 HP tractors grew 1.5%; and 100-plus HP tractors increased 9%.
“We’re monitoring the recently announced trade agreement between the U.S., Canada and Mexico. Exports are vital for the economic stability and growth of U.S. farming and manufacturing, and this is a positive step with two of our key export partners,” said Curt Blades, AEM senior vice president AG services.
Here is link to the full report online: https://www.aem.org/AEM/media/docs/Statistics/18-09-USAG.pdf.
AEM is the North American-based international trade group representing off-road equipment manufacturers and suppliers, with more than 1,000 companies and more than 200 product lines in the agriculture and construction-related industry sectors worldwide. The equipment manufacturing industry in the United States supports 1.3 million jobs and contributes roughly $159 billion to the economy every year.
Source: Association of Equipment Manufacturers