North American large ag equipment sales remain weak, according to the latest numbers released by the Assn. of Equipment Manufacturers. During September, 4WD tractor sales decreased 18.5% year-over-year while combine sales were down 26.5%. Row-crop tractor sales declined 8.5% vs. the same period last year, but improved from August’s 25.6% drop. Mid-range tractor sales were up 2.7% following August’s slight decline.
Compact and mid-range tractor inventories remain elevated. Mig Dobre, analyst with Baird Equity Research…
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