Equipment & Equipment Sales

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Mid-Year 2020 Tractor & Combine Sales — U.S. & Canada

Through the first 6 months of the year, overall sales of farm tractors and combines have held up fairly well in the U.S. but not so much for Canadian equipment dealers.

Year-to-date (YTD) ales of compact (under 40 horsepower) tractors for both the U.S. and Canada were at levels seldom, if ever, seen in the past: U.S. up 37.3%, Canada up 42.1%.


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U.S. Large Ag Sales Up 6.3% in June

U.S. large ag sales increased 6.3% year-over-year in June (May: –14.5%). Combined U.S./Canada large ag sales increased 4.6% (May: –20.1%). Mid-range (40-100 horsepower) and compact (under 40 horsepower) tractors remained resilient, growing 27% and 37.8%, respectively. In a note, RW Baird analyst Mircea (Mig) Dobre, said, “OEM production cuts are having a clear impact as dealer inventories continue to decline across all categories.”


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