Large ag equipment sales growth continued in November, although moderated from the highs reported in October to +5%, according to the latest numbers released by the Assn. of Equipment Manufacturers.
After seeing an improvement in August, large ag equipment sales returned to double-digit declines in September, according to the latest sales figures coming from the Assn. of Equipment Manufacturers.
North American large ag equipment sales were down in June as Canadian year-over-year sales were negative, according to the latest numbers released by the Assn. of Equipment Manufacturers. U.S. sales declines narrowed to –11% in June compared to –16% in May.
North American large ag equipment sales turned positive with 10% year-over-year growth in February (U.S. +13%) after 36 months of consecutive declines, according to Mircea (Mig) Dobre, an analyst with RW Baird.
Large ag equipment sales declines increased in January and marked the 36 month of year-over-year declines, according to Mircea (Mig) Dobre, an analyst with RW Baird. North American large tractor and combine retail sales decreased 32% year-over-year in January, down from the 22% decrease in December.
Conditions continue to be challenging for large ag equipment sales, as highlighted by the latest sales report released by the Assn. of Equipment Manufacturers.
North American large ag equipment retail sales saw mixed results in January, with 4WD tractor sales down 6.9% year-over-year, combine sales up 32.7% and row-crop tractor sales increasing 12%, according to the Assn. of Equipment Manufacturers.
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In this episode of On the Record, brought to you by Associated Equipment Distributors, Deere Director of Investor Relations Josh Beal told JP Morgan analysts that the OEM is confident it will be “producing to demand” in fiscal year 2025.