Ag Equipment Sales Rose During October11/14/2017
According to the Association of Equipment Manufacturer’s monthly “Flash Report,” the sale of all tractors in the U.S. in October 2017, were up 12% compared to the same month last year.
Agri Marketing magazine reports that for the first ten months in 2017, a total of 191,986 tractors were sold which compares to 183,814 sold thru October 2016 representing a 5% increase for the year.
Two-wheel drive smaller tractors (under 40 HP) were up 12% from last year, while 40 & under 100 HP were up 2%. Sales of 2-wheel drive 100+ HP were up 43%, while 4-wheel drive tractors were up 15%.
For the year, two-wheel drive smaller tractors (under 40 HP) are up 8% over last year, while 40 & under 100 HP were even. Sales of 2-wheel drive 100+ HP are down 9%, while 4-wheel drive tractors are up 5%.
Meanwhile, combine sales were up 69% for the month. Sales of combines for the year total 3,439 an increase of 3% from 2016.
Source: U.S. Ag Net