The Brazilian National Assn. of Vehicle Manufacturers (Anfavea) reported tractor sales reached 2,863 units in March, a year-over-year increase of 0.4%, and up 20.8% vs. February 2020 when 2,346 units were sold.
The increasing rate of used tractors being purchased by farmers and custom operators in Italy is raising concerns among tractor manufacturers supplying one of Europe’s largest markets.
According to a March 24 Bloomberg report, Deere said it will stop production at its six plants in Brazil in an attempt to contain the spread of the coronavirus.
Seven categories of farm machinery with the highest retained value have been announced by EquipmentWatch, a provider of costs, prices and other data for used ag and construction and other heavy equipment products.
Growth in sales of agricultural, forestry and commercial vehicle tires produced record revenues for the Heavy Tyres division of Finnish manufacturer Nokian in 2019.
The Assn. of Equipment Manufacturers is reporting that U.S. sales of farm tractors and combines in February were mixed. The bright spot was 4WD and 100-plus horsepower tractors which showed healthy gains year-over-year, however, overall tractor and combine sales fell during the month.
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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.