AEM Reports Decrease in US Tractor Sales for July 2019, Calls for Speedy USMCA Passage to Boost SalesTue, 13 Aug 2019 11:28:13 CDT
July 2019 saw decreases in U.S. sales of self-propelled combines and 4-wheel-drive tractors as well as total U.S. 2-wheel-drive tractor sales compared to July of last year, according to the latest data from the Association of Equipment Manufacturers (AEM).
U.S. 4-wheel-drive tractor sales decreased 4.7 percent July compared to last year and U.S. July self-propelled combine decreased 25.9 percent. Total U.S. sales of 2-wheel drive tractors in July decreased .1 percent compared to July last year: under 40 HP 2-wheel drive tractors decreased .6 percent, while sales of 40-100 HP tractors grew 4 percent, and sales of 100-plus HP tractors declined 9.8 percent.
For Canada, January 4-wheel drive tractor sales were negative (down 32 percent) and self-propelled combine sales decreased 43.8 percent. July 2-wheel-drive tractor Canadian sales were down in all size categories (11.1 percent for under 40 HP, 10.8 percent for 40-100 HP, and 15 percent for 100-plus HP).
“To keep the U.S. agriculture economy strong, we’re encouraging a swift passage of USMCA and continued focus on renewable fuels to help provide some stability for farmers in the months ahead,” said Curt Blades, AEM Sr. VP, Agricultural Services. “AEM is committed to advocating for pro-growth trade policies and the end to retaliatory tariffs.”
The full reports can be found in the Market Data section of the AEM website under Ag Tractor and Combine Reports.
Source - Association of Equipment Manufacturers
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