Slowdown in sales of small tractors, but all other segments post strong numbers in May
A slowdown in the sales of under-40 hp units pulls total U.S. total farm tractor sales negative, while all other segments and Canada continue strong growth, according to the latest data from the Association of Equipment Manufacturers (AEM).
Total farm tractor sales in the U.S. fell 3.9 per cent in May compared to 2020, marking the first overall negative result in a year. Self-propelled combine sales climbed a healthy 33.2 per cent, while only the under-40 hp segment saw a decline in year-over-year sales, falling 8.9 per cent, enough to bring a negative result to total farm tractor unit sales.
“While the sub-40 hp segment fell some this month, they’re still up a strong 26 per cent year-to-date,” says Curt Blades, senior vice president of ag services at AEM. “That is slightly ahead of the overall farm tractor market, and, once again, over and above already-strong 2020 sales gains.”
In Canada, May monthly tractor and combine sales were positive across all segments, with the biggest growth in combines, up 165.9 per cent to 109 units sold, while total farm tractor sales were up 22.7 per cent to 3,433 units sold.
Four-wheel drive tractors lead the year-to-date numbers with an increase of 63.7 per cent. Tractors below 40 hp sit at 57 per cent, with 40 to <100 hp tractors and 100+ hp tractors each coming in at 38.5 per cent, year-to-date.