North American ag equipment sales were up 1% year-over-year in May following 17% growth in April and flat growth in March. U.S. sales were up 5% year-over-year (combines down 13%, 4WD tractors up 2%, row crop tractors up 9%). Canadian sales were down 11%, an improvement from –21% the previous month (combines were down 9%, 4WD tractors were down 56%, row-crop tractors were up 1%).
“Day-sales inventory decreased sequentially in combines and 4WD tractors, while…
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