Retail tractor sales continued at a slow pace, dipping below the pace seen in March 2022, according to the March Flash Report from the Association of Equipment Manufacturers (AEM).
Sales in all 2WD segments were down, off 14.2 percent in the under 40HP segment, 11.8 percent in the 40HP to under 100HP segment, and 6.1 percent in the 100HP+ segment, compared to the pace seen in March 2022, AEM says. Year to date, sales in the under 40HP segment are down more than 20 percent, and off 11 percent in the 40HP to under 100HP segment. Sales in the 100+ HP segment are up 5 percent year to date.
AEM adds total 2WD tractor sales are off 13 percent compared to March 2022 and are down nearly 15 percent year-over-year.
Four-wheel-drive tractor sales did see a massive sales increase for the month, up over 100 percent for March 2023 and are up more than 50 percent for 2023 compared to a year ago, AEM adds. Still, total farm tractor sales are down 15 percent compared to the same time one year ago.
For the full report: https://www.aem.org/AEM/media/docs/Statistics/US-Month-Ag-Report-3-2023.pdf.
