Overall farm tractor sales for the month of April in both Canada and the U.S. were up slightly over last year, but combine and 4-wheel-drive tractor purchases remain well off the 2014 sales pace.
According to the Association of Equipment Manufacturers’ monthly report, total Canadian farm tractor sales in April 2015 were 3.5 percent higher than in April 2014. U.S. tractor sales were up 8.3 percent, as strong sales growth in small (<40 horsepower) tractors more than offset a 54 percent drop in 4WD sales.
A sign that farmers continue to hold off on major equipment purchases, year-to-date 4WD unit sales are down 47 percent in the U.S. and 22 percent in Canada. Combine sales in the U.S. are 42 percent behind last year, while Canadian combine sales are down 37 percent.
YTD sales in the highest volume category — the <40HP group — are up 4.5 percent in Canada and 8.1 percent in the U.S.
Find the AEM Canadian report here and the U.S. version here.
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