North American retail sales of both high-horsepower tractors and combines rose sharply in January, according to the latest sales figures from the Assn. of Equipment Manufacturers.
Overall, tractor sales of all categores in January increased to 9,801 units compared with 9,467 in January 2009.
“We believe that the strong sales in January were likely driven by the spillover in year-end spending on equipment from 2009,” says Ann Duignan, analyst for JP Morgan.
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