Large Tractors and Combines Sell Like Hotcakes in April

According to the most recent report from the Association of Equipment Manufacturers (AEM), year-over-year sales of 100+HP two-wheel tractors were up 7.2% in April. Sales of four-wheel drive tractors for the same period were up an amazing 24.1%. Combine sales saw a 6.7% increase as well in April.   Sales of smaller horse power tractors were off by 5.4% for less than 40 and 3.7% for the 40 to 100 HP category. Year-to-date sales in all categories were down with the exception of the four-wheel drives – up by 1.9% for the year.

EDITOR’S TAKE:

A mixed report for sure, but surprising strength in April for the big machinery categories. Keep in mind that the three categories which showed sales increases are the most expensive machinery on the planet. The new combines, with headers, are easily over a million dollars each. Farmers are purchasing to assist with a challenging planting season and preparing for fall harvest at the same time. No doubt farmers/ranchers will purchase those items that help improve their overall productivity and efficiency. Those new and qualified used trucks on your lot are a perfect compliment to their plans and operation. Be sure to keep them informed about your current availability by posting your inventory on AgTruckTrader.com®.