Total Australian ag equipment sales were up 5% year-over-year to $5.9 billion in 2023, according to a recent report from the Tractor and Machinery Assn. of Australia.
Overall unit sales of U.S. combines climbed 10.6% compared to July 2022, while sales of tractors declined 5.2% in the same month in 2022, driven largely by softness in the smaller horsepower segment.
Large ag equipment sales rose 4% year-over-year in December, with strong growth in 4WD and combines while row-crop tractors saw their first year-over-year decline since August 2020, according to recent analysis from RW Baird analyst Mig Dobre.
Large ag equipment unit sales rose 7.2% year-over-year in November. Combined U.S./Canada large ag equipment unit sales rose 7.2% in November vs. rising 29.6% in October.
Typically October is a strong retail month for over 100 horsepower tractors and this year is no exception and this segment is only slightly higher than our original forecast.
Large ag equipment unit sales rose 29.6% year-over-year, with strong growth in combine and row-crop tractor sales, according to analysis from RW Baird analyst Mircea (Mig) Dobre.
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In this episode of On the Record, brought to you by Associated Equipment Distributors, Deere Director of Investor Relations Josh Beal told JP Morgan analysts that the OEM is confident it will be “producing to demand” in fiscal year 2025.