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.
Ag equipment sales closed out the first quarter with a strong performance in March. In the U.S. the tractor unit sales growth streak continued to 11 straight months and Canada also extended its sales streak, according to the latest data from the Assn. of Equipment Manufacturers.
U.S. large ag retail sales were up 12.9% year-over-year in January, while Canadian sales were up 38%. Combined U.S./Canada large ag sales were up 15.4% (vs. up 11.3% in December), marking the fifth consecutive month with growth of over 9%.
Sales growth decelerated from a November high but remained robust. U.S. large ag retail sales were up 14.1% year-over-year in December, while Canadian sales were down 1.8%. Combined U.S. and Canada large ag sales were up 11.3% (vs. up 17.7% in November), marking the 5th month in 6 with growth over 9%.
Despite the year’s challenges, 2020 saw increases in all categories of U.S. farm equipment sales, while Canada struggled with its larger equipment sales.
Ag equipment manufacturers reported industry recovery continued to move forward in the third quarter with significant improvement in the latest Agriculture Industry Conditions survey conducted by the Assn. of Equipment Manufacturers (AEM) in October 2020.
Farm tractor and self-propelled combine unit sales finish the year with solid growth across the U.S., while sales in most sectors in Canada were also positive according to the latest data from the Assn. of Equipment Manufacturers (AEM).
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