Challenging times in the machinery market continue, as tractor sales in Canada slump.
According to the Association of Equipment Manufacturers’ April data, year-to-date tractor sales in Canada are down 18.6 percent from last year. 4-wheel-drive sales are down 22.1 percent, while 2-wheel-drive sales are down 18.4 percent.
Combine sales in Canada are bucking the trend, up slightly at 1.8 percent.
It’s a different situation in the U.S., where combine sales are down 26 percent YTD. 4WD machine sales are down 31.5%, but 2WD unit sales are up 4.9 percent.
Shaun Haney and Kelvin Heppner discuss the numbers, the impact of the movement in the Canadian dollar relative to American currency, and some of the consolidation we’re seeing among mid-sized equipment companies, such as Great Plains, Monosem, and Hagie.
A Year Ago: Small Tractor Sales Up, but Combine and 4WD Sales Still Way Behind Last Year
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