Retail sales of farm tractors in both the U.S. and Canada rose ever so slightly in July after a few solid months of steady growth, according to numbers released last week by AEM.
U.S. retail sales of two-wheel drive tractors over 100HP fell nearly 25 percent, and sales of self-propelled combines declined around 5 percent when compared to last July. However, retail sales of all farm tractors in the U.S. were up 0.5 percent.
While Canadian sales of larger four-wheel drive tractors dropped by 50 percent, self-propelled combine sales jumped by 30 percent in July compared to last year. Overall, two-wheel drive tractors saw a sales increase of 1.8 percent.
Click here to view the latest market data from AEM.