Yanmar has concluded a Master Dealer Agreement with compact tractor and machinery company Wassenberg GmbH, for the sales and service of the Yanmar YT and SA 22-60 HP compact tractor series in Germany.
The company promises “aggressive marketing strategies” and sales channel expansion in North America, while anticipating sales worth around $165 million annually within 5 years of launching the initiative.
With new factories and OEM supply contracts underpinning its growth, South Korea's LS Mtron continues to make waves in the compact and utility tractor market.
Farm tractor makers, Kubota, Mahindra and TAFE, best known for their proficiency in producing tractors on the lower end of the horsepower range, are obviously not satisfied with their slice of the tractor and ag equipment market.
With a 27% “bump” in unit sales in May vs. a year earlier, it appears that the prospects for compact tractors are improving significantly following 5 years of relatively flat sales.
For more than 2 years, observers of the farm equipment industry have been saying that a shakeout among compact tractor makers in North America is not only necessary, but is on the way.
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The announcement of a partnership between New Holland and Bluewhite was one of the big precision stories of the summer. West Coast New Holland dealers now have the rights to sell, distribute and service Bluewhite’s aftermarket autonomy kits.