Agricultural News
December U.S. Ag Tractor and Combine Report Shows Growth in 2018 for All Machine Categories
Fri, 11 Jan 2019 10:36:35 CST
The Association of Equipment Manufacturers' (AEM) December U.S. Ag Tractor and Combine Report shows all machine categories recorded year-to-date growth as 2018 closed out.
U.S. December year-to-date sales of self-propelled combines showed 18.2 percent growth and YTD sales of 4-wheel-drive tractors gained 12.9 percent.
U.S. sales of self-propelled combines gained 29.7 percent month-over-month in December compared to last year, while U.S. sales of 4-wheel-drive tractors declined 9.2 percent month-over-month.
Overall U.S. sales of 2-wheel-drive tractors for December year-to-date grew 6.8 percent; under-40 HP tractors gained 9.2 percent; 40-100 HP tractors increased 1.5 percent; and 100-plus HP tractors grew 5.5 percent.
For December month-over-month, total U.S. sales of 2-wheel-drive tractors grew 5.7 percent compared to last year: a 7 percent gain for under-40 HP tractors, a 3.6 percent increase for 40-100 HP tractors, and a 5.9 percent gain for 100-plus HP tractors.
"2018 was a solid year for equipment sales despite a weak overall farm economy and lingering trade issues. As we look at 2019, we're still seeing a lot of uncertainty related to the Administration's efforts to reset global trade parameters. We're also watching some uncertainty with stock market ups and downs which could indicate a potential slowing economy. As a whole, we remain optimistic that the replacement market for large equipment will continue through 2019, and that the small tractor market will continue to be a bright spot on overall sales numbers," said Curt Blades, AEM senior vice president, Agriculture for AEM.
The full report can be found here.
Source - The Association of Equipment Manufacturers'
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