U.S. sales of 4-wheel-drive tractors increased 18.6% in July 2024 compared to the year before and are up 5.2% year-to-date according to new data from the Association of Equipment Manufacturers (AEM).
Total sales of Ag tractors dropped 14.1% in July compared to the year before and are down 11.9% year-to-date. Combine sales dipped 19.1% in July compared to 2023 and are down 17.6% year-to-date.
“July’s uptick in 4-wheel-drive Ag tractors is a bright spot after a slowdown of sales in June and May of 2024,” said AEM Senior Vice President Curt Blades. “However, we are still seeing softness across the subcompact tractor market after years of strong sales. We know the challenges facing the market are complex. This is why AEM is focused on advocating for the swift passage of a farm bill to provide the certainty farmers need to make these purchases.”
In Canada, July sales of 4-wheel-drive increased 88.7% compared to 2023, and are up 17% year-to-date. Overall, Canadian sales of Ag tractors dropped 13% in July compared to the year before and are down 15.5% year-to-date.
The Ag Tractor and Combine reports can be found on the AEM Market Share Statistics page. The U.S. report can be downloaded from this page while the Canadian report is available for download here.
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