As Brazil’s Anfavea stopped releasing sales numbers by the end of last year, the market now can only rely on quarterly data divulged by the country’s National Federation of Distribution of Automotor Vehicle (Fenabrave).
After an increase of 7.3% from the 43,077 units sold in 2020, Brazil’s National Assn. of Automotor Vehicle Manufacturers (Anfavea) expects to get a similar growth in the sector of agricultural machinery in 2021.
The November numbers from Brazil’s Anfavea reveal that farm tractor sales in November dropped 16.3% year-over-year with 2,371 tractors commercialized during the month. Sales were also down 25.6% vs. October when 3,187 tractors were sold.
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In this episode of On the Record, Pinion Principal Marc Johnson forecasts 4-6% growth in large ag equipment sales in 2023. In the Technology Corner, Noah Newman takes a closer look at Verge Ag’s Equipment Explorer, which was launched at the 2023 Precision Farming Dealer Summit. Also in this episode, a preview of the 10th annual Precision Farming Dealer benchmark study and a look at ag retailer sprayer purchase plans for the year ahead.