Ag Tractor and CombineAEM released its May U.S. and Canadian Ag Tractor and Combine reports earlier this week, shedding light on equipment sales last month versus the same time in 2017.

"We are still looking at overall positive growth in equipment sales for 2018," said AEM Senior Vice President of Ag Services Curt Blades. "We have seen more optimism from producers, and tax reform has been a plus. The continued specter of trade retaliation or a trade war over steel and aluminum tariffs, however, still poses a challenge for farmers and manufacturers."

According to the reports for May:

  • U.S. retail sales of farm tractors rose by more than 17 percent in May, compared to the same month a year ago.
  • In addition, sales of self-propelled combines jumped by nearly 52 percent, versus May of 2017.
  • However, Canadian retail sales of farm tractors didn’t fare quite as well in May. They were up a mere 0.1 percent.
  • Canadian sales of self-propelled combines dropped nearly 19 percent, a month after they saw substantial growth of around 9 percent.
  • Fortunately, Canadian retail sales of 4-wheel-drive tractors were up 46.4 percent, which helped offset small decreases in other categories.

"There is an overall positive sentiment in the market supported by increasing consumer confidence and buoyant economy," said Mani Iyer, president, Mahindra USA, an AEM member company. "We at Mahindra follow the industry growth and ride the wave with new products, new dealers and a passionate and energized workforce. We expect 2018 to be a good year for tractor manufacturers."

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