Ag Equipment Intelligence
www.agequipmentintelligence.com/articles/6781-january-tractor-registrations-down-19-yoy-in-germany-down-3-in-the-uk
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Credit: J.P. Morgan

January Tractor Registrations Down 19% YoY in Germany, Down 3% in the UK

February 13, 2025

VDMA reported German tractor registrations down 19% YoY in January. German 100HP+ tractor registrations were down 20% YoY in January, and <100HP registrations were down 18% YoY. Meanwhile, in the UK, the Agricultural Engineers Association (AEA) reported 50HP+ tractor registrations down 3% YoY in January. AGCO expects Western Europe tractor industry unit retail sales down 0-5% in 2025. CNH expects EMEA industry volumes of tractors down 0-5% and combines up 0-5% in 2025. DE expects EU ag equipment industry volumes down 5-10% in its FY25.

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Credit: J.P. Morgan

The authors wish to thank Eshan Desai, of the J.P. Morgan Global Research Center, for contributions to this report.


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