North American ag equipment retail sales grew across all categories in January, as row-crop, 4WD, mid-range, and compact tractor sales increased 26.9%, 89.1%, 11.9% and 21.1% year-over-year, respectively.
Combine sales rose by 16.9%, up from the 3.5% year-over-year increase in December.
“Retail sales were likely helped by an extension of bonus depreciation incentives through 2013 as a part of the American Taxpayer Relief Act,” says Mircea (Mig) Dobre of RW Baird.
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