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Combine Sales Continue to Grow in August, Tractors Mixed

Combine sales grew for August in both the U.S. and Canada, while total tractors fell in the U.S., but grew in Canada according to the latest data from the Assn. of Equipment Manufacturers (AEM).

Total U.S. ag equipment unit sales rose above the 5-year average for the first time since April 2022. U.S. total farm tractor sales fell 11.7% for the month of August compared to 2021, while U.S. self-propelled combine sales for the month grew 25.8% to 790 units sold, making for a three-month growth streak for that segment. The 100+ horsepower 2WD tractor segment was the only positive segment in the U.S., up 11.5%. Mid-range tractors between 40 and 100 horsepower were down 7.2%, and the sub-40hp segment led segment losses again, down 16%. Total farm tractor sales are down 14.8% year-to-date, while combine harvester unit sales are now positive year-to-date, with sales now up 2.7% overall.

In Canada, growth in all segments led Canadian unit sales to its first positive year-over-year month in unit sales since January 2022. Overall unit sales in tractors were up 7.2%, gaining in all segments, most notably 4WD units, up 326.7% year-over-year to 64 tractors sold. Unit sales in 2WD segments gained 4.9 percent, led by 100+hp unit growth of 43.9%. Combine harvester unit sales grew 33.1% to 221 units sold. Year-to-date farm tractor unit sales are down 6.7% in Canada, while harvesters cut their losses down to 13.7%.

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