U.S. Sales of Combines and 4WD Tractors Continue to Grow

Combine harvesters in the U.S. continue to grow, according to the latest data from the Association of Equipment Manufacturers (AEM).

Total U.S. ag tractor unit sales decreased in April 2023, down 16 percent year-over-year, with unit sales increasing in the 4WD farm tractor segment (up 54.1 percent) and in the +100hp tractor sales segment (up 5 percent).  U.S. self-propelled combine sales grew 23.1 percent for the month, leading to the year-to-date gain of 71.9 percent. Sales decreased in both the sub-40hp segment (down 20.1 percent) and the 40-100hp segment (down 13.7 percent) for the month of April.  

EDITOR’S TAKE:

In April, we saw an increase in sales of the 100+hp farm tractors, because commodity markets for agriculture products remain strong. Similarly, we continue to see increases in sales of the larger, more expensive segments of 4WD tractors and self-propelled combines. None of this is a shock to your CAD team. We have been sharing similar results for many months now. It is worth pointing out one more time that farmers/ranchers are doing well. They are probably going to continue snapping up new and good used equipment to keep them on top of their game. Besides ag equipment, they are also looking for trucks! Farmers/ranchers are going to purchase a lot of trucks this year. Make sure you have your inventory on AgTruckTrader.com, so it is clearly visible to farmers and ranchers in your area and beyond.