Following AEM’s release of the May 2019 North American retail tractor and combine sales, John Deere announced its retail sales as they compared with the rest of the industry. Overall, Deere’s numbers were mixed vs. the rest of the ag industry.
The company reported its retail sales were in line with the rest of the industry for 2WD tractors under 40 horsepower, which were up 7% in May, and row-crop tractors (100 horsepower-plus), which were up 2% for the month.
Deere was up more than the industry in sales of 4WD tractors, which were flat overall. The company said it was up by a single digit vs. the rest of the industry in sales of 2WD mid-range tractors (40-100 horsepower), which were down about 2%.
For combines, Deere was down single digit while the rest of the industry was up 2%.
Regarding equipment on dealers’ lots, Deere said its dealer inventories for 2WD under 40 horsepower were slightly higher than the industry; for mid-range tractors it was slightly higher than the industry; for row-crop tractors it was lower than the industry; for 4WD tractors its dealers’ inventories were slightly higher than the rest of the industry. Deere reported that combine inventories were in line with the rest of the industry.