U.S. tractor sales remain soft, according to the Association of Equipment Manufacturers (AEM) Flash report.
The only bright spot in this month’s report were sales in the 100+ HP two-wheel-drive segment (up more than 22 percent compared to July 2021) and the four-wheel-drive segment (up nearly 22 percent compared to July 2021).
However, sales in the under 40HP segment were off nearly 28 percent compared to July 2021, AEM says, and sales in the 40HO to under 100HP segment were down more than 16 percent compared to July 2021.
Year to date, sales are down in all but the 100+HP two-wheel-drive segment. The numbers aren’t pretty: down 17.8 percent in the under 40HP segment, down 13.1 percent in the 40HP to under 100HP segment, down 5.7 percent in the four wheel drive segment.
AEM says total farm tractor sales are off nearly 15 percent for the year.
In the larger trend, total sales remain below the five-year average.
For the full report: https://www.aem.org/AEM/media/docs/Statistics/US-Month-Ag-Report-7-2022_1.pdf.