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CNH Took UK Tractor Market Lead in 2020

January 28, 2022 | Posted in Ag Equipment Worldwide

Steady gains in UK tractor market share and an uncharacteristic dip by the long-time market leader saw CNH Industrial take the top slot among manufacturers in 2020

UK Tractor Market Regained Lost Ground in 2021

January 28, 2022 | Posted in Equipment & Equipment Sales

Agricultural tractor sales in the UK last year regained much of the ground lost during 2020 — the first year of the Covid-19 pandemic — with registrations of tractors of more than 50 horsepower returning to about the same level as in the previous 3 years at just over 12,000 units.

Increasing Exports Can’t Stem Yanmar’s Declining Profits

July 16, 2019 | Posted in Equipment & Equipment Sales

Japan’s Yanmar group has reported an 80% drop in net profits for its 2018-19 financial year ended March 31, 2019, despite a 4% increase in revenues to the equivalent of $7.4 billion that built on the 2% rise recorded in the prior 12 month period.

Indian Tractor Manufacturers Cut Production Amid 15% Sales Drop

June 27, 2019 | Posted in Ag Equipment Worldwide

Mahindra & Mahindra recently announced up to 13 days of no-production for its farm equipment factories following a 15% drop in tractor sales over the last 3 months, with tractor manufacturer Escorts also making plans to reduce inventory over the summer.

Brazil’s Tractor & Combine Sales Fall Again

June 19, 2019 | Posted in Ag Equipment Worldwide

The June report from Brazil’s Anfavea says that farm tractor sales in May fell 9.5% year-over-year, with 2,562 units sold. At the same time, sales were up 2.6% compared to the previous month, when 2,495 units were registered.

Used Tractor Market Makes Gains in UK Ahead of Brexit

June 18, 2019 | Posted in Ag Equipment Worldwide

Source: Farmers Weekly

The UK has seen an exploding used tractor market following England’s departure from the EU. Brexit’s impact on the British pound, coupled with dropping commodity prices have made a perfect environment for British farmers to purchase low-hour, high value machinery.

Tractor Industry to Grow 8-10% Over the Next 2-3 years, Says Mahindra and Mahindra

June 10, 2019 | Posted in Ag Equipment Worldwide

Source: CNBC TV18

Mahindra and Mahindra (M&M) VP spoke positively last month of the tractor market and M&M’s future growth, despite the company reporting a mixed fourth quarter ended March 31st. Net profit was reported at Rs 969 crore ($139,148,400) in the fourth quarter, down 16% from the same period last year.

AGCO Overtakes CNH Industrial in UK Market Share

February 25, 2019 | Posted in Ag Equipment Worldwide

Energetic marketing efforts on the part of AGCO brands helped the corporation overtake CNH Industrial in terms of UK market share in 2017.

CNH, ARGO Revamp Compact Tractor Sourcing

February 1, 2011 | Posted in Equipment & Equipment Sales

The North American compact tractor market is set to experience a few more ripples as two suppliers change sourcing arrangements.

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Deere Production Could be Down 10-15% Next Year

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.

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