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Tractor Market Revenue in U.S. Declines 17% in January

Tractor market data from January, 2025 shows a 17 percent decline in revenue in the U.S., while Canadian revenue increased 15 percent, according to analysis by Constellation dealership software companies. Credit: Constellation Dealership Software

Throughout the U.S., Constellation’s report detailed monthly revenue by region and the data shows the largest decrease was experienced in the Midwest (-31%) followed by the West (-18%), and the Northeast (-16%), while the Southwest saw a 6% increase.

For its part, Canada experienced 15% growth from January 2023 to January 2024, growing from a 50% decline in November and 22% decline in December, 2024.

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USDA surprised with higher 2026 U.S. corn yields but it’s early with just over 20% of the U.S. harvest complete. NE, IA and IL corn and soybean yields continue to hold up the national average corn and soybean yields.
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The Black Sea region is worse not better.
Brazilian real rally.
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+ CFTC.