Although a few more dealers say their early equipment orders are up compared to this time last year, overall, new farm machinery order books continue on a downward slide that began 3 years ago.
North American large ag equipment sales continued to be weak in April, according to the latest numbers released by the Assn. of Equipment Manufacturers.
North American ag equipment retail sales growth generally decelerated in August, with row-crop tractor sales up 11.8% year-over-year (+15.3% last month), mid-range tractor sales up 11.5% (+15.2% last month), and combine sales down 16% (+10% last month).
North American ag equipment retail sales grew across all categories in January, as row-crop, 4WD, mid-range, and compact tractor sales increased 26.9%, 89.1%, 11.9% and 21.1% year-over-year, respectively.
North American ag equipment retail sales grew across all categories in December. Year-over-year comparisons were positive for all equipment categories.
The final tally for ag equipment sales is not yet in for the current year, and the larger than usual number of variables dealers and manufacturers are confronting is clouding visibility into 2013.
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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.