North American large ag equipment unit sales were mixed in April, with overall unit sales up 2% year-over-year. Both U.S. and Canada had growth in combine sales (U.S. +59%), but that was partially offset by declines in 4WD tractors (Canada –28%) and row-crop tractors, according to the latest numbers released by the Assn. of Equipment Manufacturers.
According to the latest sales figures coming from the Assn. of Equipment Manufacturers, large ag equipment sales grew year-over-year in August on significant growth from Canada and narrower declines in the U.S.
Sales of large ag equipment continue to struggle to gain significant upward momentum. The Assn. of Equipment Manufacturers reports that North American sales of high horsepower, 4WD tractors and combines were down 16% year-over-year in July, which follows decreases of 14% in June and 12% in April.
Following an investors’ meeting with Deere & Co., Mircea (Mig) Dobre, senior analyst with RW Baird, offered his thoughts on the company’s path to potential recovery when the big ag equipment market makes its turnaround.
As 2016 came to a close, North American large ag equipment sales continued to decline, marking the 35th month of declines, says Mircea (Mig) Dobre, senior analyst with Baird Equity Research.
North American large ag equipment sales continued to decline in April, with 4WD tractor sales down 32.3% year-over-year, combine sales down 33.3% and row-crop tractor sales down 16.6%, according to the latest numbers released by the Assn. of Equipment Manufacturers.
North American large ag equipment sales declines continued in December, a seasonally important month, according to the latest data released by the Assn. of Equipment Manufacturers, with 4WD tractor sales down 46.5% year-over-year, combine sales down 39.5% and row-crop tractors down 23.8%.
Deere & Co. released its retail sales comment for September yesterday (October 13). Overall, the company out performed the industry in sales of the major equipment categories
North American large ag equipment retail sales fell in March, with 4WD tractor sales down 6.4% year-over-year, combine sales down 23.9% and row-crop tractor sales down 9.5%, according to the latest figures released by the Assn. of Equipment Manufacturers.
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In this episode of On the Record, brought to you by Associated Equipment Distributors, we take an initial look at the Dealer Business Outlook & Trends Report and what dealers are forecasting for 2025.