Tractor manufacturers had to revise their market forecasts sharply upwards and increase shipments to dealers in South Africa in 2021 as the market accelerated at a faster pace than anticipated.
Ag tractor and combine unit sales in April 2022 declined for the second month in a row, owing largely to supply chain difficulties, according to the latest data from the Assn. of Equipment Manufacturers (AEM).
100+ horsepower tractors reported retail sales of 962 units below our monthly forecast while the year to date retail totals were 1,201 units below our YTD forecast.
A surge in the number of compact tractors — machines of less than 50 horsepower — purchased in 2021 helped sustain the German tractor market in terms of unit numbers if not value at much the same level as in 2020.
North American large ag equipment sales picked up again in February, according to the latest numbers released by the Assn. of Equipment Manufacturers. Combined U.S. and Canadian large ag unit sales were up 16.5% vs. up just 1.4% in January.
The 12 month moving average for 100+ horsepower tractors has been steadily growing for the past 12 months. Monthly retail sales exceeded our forecast by 280 units and year to date retail sales exceed our YTD forecast by 6.2%.
Growth moderated on a lack of available inventory and tougher comps, according to analysis of AEM sales data by Mig Dobre, senior research analyst with RW Baird.
Government support for farmers investing in more efficient or ‘greener’ equipment and systems helped increase tractor sales by almost a third in 2021 compared with the previous year.
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There was plenty of technology on display at the World Dairy Expo in Madison, Wis., a few weeks ago. Farm Equipment editor Mike Lessiter caught up with Monarch Tractor’s John Issacson and got his take on the top 5 applications in autonomy right now.