U.S. large ag retail sales were up 12.9% year-over-year in January, while Canadian sales were up 38%. Combined U.S./Canada large ag sales were up 15.4% (vs. up 11.3% in December), marking the fifth consecutive month with growth of over 9%.
Sales growth decelerated from a November high but remained robust. U.S. large ag retail sales were up 14.1% year-over-year in December, while Canadian sales were down 1.8%. Combined U.S. and Canada large ag sales were up 11.3% (vs. up 17.7% in November), marking the 5th month in 6 with growth over 9%.
Despite the year’s challenges, 2020 saw increases in all categories of U.S. farm equipment sales, while Canada struggled with its larger equipment sales.
Ag equipment manufacturers reported industry recovery continued to move forward in the third quarter with significant improvement in the latest Agriculture Industry Conditions survey conducted by the Assn. of Equipment Manufacturers (AEM) in October 2020.
Farm tractor and self-propelled combine unit sales finish the year with solid growth across the U.S., while sales in most sectors in Canada were also positive according to the latest data from the Assn. of Equipment Manufacturers (AEM).
Both the immediate and long-term future of the manufacturing industry will be defined by the development of a number of ever-evolving and prominent trends.
Large ag equipment sales growth reaccelerated during a seasonally slow month, according to the latest numbers from the Assn. of Equipment Manufacturers.
The Assn. of Equipment Manufacturers (AEM) announces its 2021 officers and directors elected to the AEM Board of Directors and Agriculture and Construction Equipment Sector Boards at its annual meeting.
Overall tractor unit sales continued their growth across North America in October 2020 despite a small pause in larger units in Canada, according to the latest data from the Assn. of Equipment Manufacturers (AEM).
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The latest episode of On the Record is now available! In this week’s episode we take a look at the Chicago Federal Reserve Bank’s fourth quarter survey, which suggests farm equipment loans could increase in 2021. In the Technology Corner, Jack Zemlicka discusses opportunities with early order programs in the midst of ongoing shortages and delays in parts availability. Also in this episode, a closer look at Deere and Kubota’s latest earnings releases and Fendt gains market share in Europe.