Ag tractor and combine unit sales in April 2022 declined for the second month in a row, owing largely to supply chain difficulties, according to the latest data from the Assn. of Equipment Manufacturers (AEM).
Consolidated corporate sales for the three-month period ended Feb. 28, 2022, were $5,613,000 compared to $5,401,000 during the same period in fiscal 2021, an increase of $212,000, or 3.9%.
The Brazilian Assn. of the Industry of Machines and Equipment (Abimaq) announced there was an overall increase of 43% in sales of agricultural machinery and equipment in the country in 2021.
Growth moderated on a lack of available inventory and tougher comps, according to analysis of AEM sales data by Mig Dobre, senior research analyst with RW Baird.
Overall unit sales of both ag tractors and combines continue their growth above an already-hot pace set in 2020, according to the latest data from the Assn. of Equipment Manufacturers (AEM).
Consolidated corporate sales for the three- and nine-month periods ended Aug. 31, 2021 were $6,592,000 and $17,703,000, respectively, compared to $6,465,000 and $16,937,000 during the same respective periods in fiscal 2020.
Difficulties in supply chain, logistics and personnel recruitment have made it challenging for ag equipment manufacturers to meet high demand, not least at Kuhn where order intake through the first six months of the year was almost 50% up on the equivalent period in 2020.
Pushed by strong demand of producers, favored by higher international commodity prices, the Argentinian Chamber of Agricultural Machinery Manufacturers (Cafma) reports that the sector has committed 99% of the orders that will take place until the end of the year.
Alamo Group's net sales for the second quarter of 2021 were $347.6 million compared to net sales of $268.6 million in the second quarter of 2020, an increase of 29%.
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