Unit sales of agricultural tractors and self-propelled combines in April 2020 rose in the U.S. according to the latest data from the Assn. of Equipment Manufacturers (AEM), putting total unit sales year-to-date roughly flat with 2019.
As the trade wars continue to wage in U.S., farm equipment sales numbers mirror the uncertainty within the industry. U.S. sales saw minimal growth in most categories while Canada dropped in all but two, according to the latest AEM sales data.
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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.