The Association of Equipment Manufacturer’s Ag Tractor and Combine Report indicates that total farm tractor sales in May were down 3.9% compared to 2020 figures, but sales of larger tractors were on the upswing.
Sales of two-wheel drive tractors were down 4.2%, with less than 40 horsepower tractors down 8.7% and more than 100 horsepower tractors up 28.6%. Sales of four-wheel-drive tractors shot up by 62.2%, from 156 in 2020 to 253 in 2021.
However, year-to-date total sales for 2021 increased by 25.8% compared to May 2020 figures, which were lowered by the halt in sales that occurred in February and March.
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Other than the first two months of the pandemic, monthly tractor sales in 2020 were higher than the preceding 5-year average in almost every case, according to AEM.
The YTD figures are in line with the AEM survey that was released in March, in which 88% of equipment manufacturers reported a positive outlook for 2021.
The AEM Ag Tractor and Combine Report is released monthly and is compiled via AEM member companies through proprietary statistical reporting programs.
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