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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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This material is based upon work that is supported by the National Institute of Food and Agriculture, U.S. Department of Agriculture, under agreement number 2023-38640-39573 through the North Central Region SARE program under project number ENC23-226. USDA is an equal opportunity employer and service provider. Any opinions, findings, conclusions, or recommendations expressed in this publication are those of the author(s) and should not be construed to represent any official USDA or U.S. Government determination or policy.