A sharp surge in purchases and registrations of tractors in the final two months of 2020 helped the Italian tractor market ease to a more modest decline than was expected earlier in the year.
Tractor sales activity across Europe has been dampened by COVID-19 restrictions and in some countries by weather and politics-related factors that have impaired farmers’ willingness to invest in new power units.
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.
A new R&D center and an additional assembly line for tractor transmissions was opened by Carraro in India shortly before the group announced a substantial investment in new production facilities at its Italian factories.
Slow economic growth throughout the European Union is having an impact on farm equipment sales. Several of the EU’s largest markets for ag machinery are reporting a dropoff in sales through the first half of 2013.
First quarter sales revealed a negative trend domestically for Italian tractors, other self-propelled machinery and trailers, continuing the downward trend of the last 5 years, according to Italy’s FederUnacoma. Combines, however, showed positive growth for Italian equipment manufacturers.
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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.