Monthly retail sales of 100+ horsepower tractors was 545 units above our monthly forecast while the YTD total retail sales was 2,306 units above our YTD forecast.
Growth rates remained solid in June, though growth moderated sequentially on much tougher comps for large ag, said Analyst with RW Baird Mircea “Mig” Dobre in a recent note.
North American large ag equipment sales were up 28.6% year-over-year in April vs. up 22.7% in March, according to the latest data from the Assn. of Equipment Manufacturers.
The U.S. tractor and combine retail activity is certainly making up for lost ground in recent years and the prospect for continued growth in 2021 does look promising.
Magazine Luiza, a retail giant in Brazil recognized for selling a wide variety of products, has decided to attend the growing demand of the agricultural sector for credit in the country.
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In this episode of On the Record, brought to you by Associated Equipment Distributors, we take an initial look at the Dealer Business Outlook & Trends Report and what dealers are forecasting for 2025.