German, France Tractor Sales Down Again; Brexit to Impact UK Sales

Here’s the latest report on European Union tractor sales from Michael Shlisky, senior analyst with Seaport Global Securities:

“We reviewed tractor registration data from Germany, France and the UK for the month of June. Overall, we view this month’s data as negative for global Ag OEMs.

“In Germany, Europe’s largest tractor market, tractor registrations at the major brands declined 5% year-over-year in June, and declined 10% in the second quarter. Among the major brands, AGCO…

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