After 3 months of sales growth for large ag equipment, North American sales once again declined in May. Canadian sales growth slowed to plus 1% and the U.S. posted a 16% decline, according to the latest number released by the Assn. of Equipment Manufacturers.
North American large ag equipment sales turned positive with 10% year-over-year growth in February (U.S. +13%) after 36 months of consecutive declines, according to Mircea (Mig) Dobre, an analyst with RW Baird.
Typically, November is a seasonally slow month for North American large ag equipment sales, and that held true once again this year, according to the latest numbers released by the Assn. of Equipment Manufacturers.
While North American retail sales of ag equipment were weak overall in October, 4WD sales were strong in both the U.S. and Canada, according to the latest numbers released by the Assn. of Equipment Manufacturers.
North American large ag equipment retail sales increased in December, with 4WD tractor sales up 6.9% year-over-year, combines up 37.1% and row-crop tractors increasing 13.9%, according to the Assn. of Equipment Manufacturers.
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In this episode of On the Record we take a look at AGCO's recently introduced Transformational Assessment Process (TAP) for its North American production ag dealers. In the Technology Corner, Michaela Paukner examines how CNH Industrial and John Deere's tech stacks compare. Also in this episode, the latest earnings reports from Deere & Co. and Kubota.