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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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Before trade and tariffs dominated the conversation, taxation was one of the biggest issues on farmers’ minds last year. From the carbon tax to capital gains, OFA worked with the Canadian Federation of Agriculture and provincial partners to push for fair, practical solutions. We saw progress on carbon tax relief and capital gains, and we continue to advocate for modernized farm tax programs at both the provincial and federal levels.

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