February 2024 Sees Marginal Increase in 100+ Horsepower Tractor Sales in the U.S.

Share:

3/13/2024

Ag Tractor and CombineUnit sales of 100+ horsepower ag tractors increased slightly in February 2024 in the U.S., according to new data from AEM. The month recorded an increase of 2.8% compared to February 2023.

Year-to-date data, however, reflects sales are below 2023 in total units of ag tractors and combines. Ag tractor sales dipped 14.2%, while combines finished under 18.9%.

In Canada, combine sales jumped 27.2% in February 2024 compared to 2023, and are up a total of 6.3% year-to-date compared to last year. A total of 131 combines were sold in February, adding to the overall year-to-date sales of 255 units.

“The combine sales in Canada are a bright spot when we take a deeper look at February’s performance,” said AEM Senior Vice President Curt Blades. “The uptick in sales of 100+ horsepower ag tractors in the U.S. also bodes well for the long-term strength of our industry moving forward.”

Total ag tractor sales fell in Canada by 28.2% year-to-date compared to 2023.

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.

Subscribe to the AEM Industry Advisor for more AEM news and updates.

AEM Updates Agriculture & Forestry

For more AEM news and updates, subscribe to the AEM Industry Advisor.

Related Articles

AEM’s Business Intelligence Products Help Members Maintain a Competitive Edge

By Gregg Wartgow, Special to the Association of Equipment Manufacturers (AEM) --Running a manufacturing business is hard enough. Trying to keep up with the latest economic...

Gain Key Market Insights During AEM’s Q4 2026 Equipment Market Update Webinar

AEM is pleased to once again offer its members a detailed, comprehensive, and data-driven outlook on the agriculture and construction industries through its upcoming Q4 Business...

Take the Next Step on Your Sustainability Journey With AEM’s Sustainability Toolkit

Sustainability can mean different things to different organizations, but knowing where to start is often one of the biggest challenges. To help members navigate sustainability...

Kubota Canada Charts a Better Path for Learning

By Gregg Wartgow, Special to the Association of Equipment Manufacturers (AEM) --Skills-driven career pathing has become a focal point for many employers. By establishing a...

Invest in Your Company’s Future by Renewing Your AEM Membership

Every fall, AEM invites its 1,100-plus membersto renew their partnership and involvement with the association for the coming year.   For many, this annual decision is more than...

View all AEM Updates