02/13/2020
Our latest Farmer Speaks Survey predicted this trend. Ask your J.L. Farmakis representative to show you the entire survey.
U.S. JANUARY TRACTOR SALES UP 5%, COMBINE SALES DOWN 25%
Feb. 13, 2020
Source: Agri Marketing magazine
According to the Association of Equipment Manufacturer's monthly "Flash Report," the sale of all tractors in the U.S. in 2020, were up 5% in January compared to 2019.
For the year, a total of 12,580 tractors were sold which compares to 12,017 sold in 2019 representing an 5% increase for the year.
For the month of January, two-wheel drive smaller tractors (under 40 HP) were up 3% from last year, while 40 & under 100 HP were up 5%. Sales of 2-wheel drive 100+ HP were up 20%, while 4-wheel drive tractors were down 7%.
For the year, two-wheel drive smaller tractors (under 40 HP) are up 3% from last year, while 40 & under 100 HP are up 5%. Sales of 2-wheel drive 100+ HP are up 20%, while 4-wheel drive tractors are down 7%.
Combine sales were up 25% for the month. Sales of combines for the year totaled 198 compared to 262 in 2019, an 25% decrease.