July brought yet another strong month of growth for both U.S. and Canadian retail sales of ag tractors and combines, according to data released late last week by AEM.

Compared to this time a year ago, almost all categories of tractors and combines saw considerable growth.

“Seven months into the year, we’re still looking at favorable numbers,” said Curt Blades, AEM senior vice president of ag services. “Surveys of our membership show a good majority feel the market has been strong this year, but are beginning to have concerns about the second half of the year. Tariffs and trade continue to dominate the conversation, with the lingering uncertainty of their impact on current positive market performance.”

According to the July reports:

  • U.S. retail sales of all categories of farm tractors jumped by more than 12 percent last month, compared to July of 2017.
  • Sales of 4-wheel-drive tractors in the U.S. saw the most significant growth, rising more than 77 percent when compared to this time a year ago.
  • U.S. sales of self-propelled combines also saw a huge jump of more than 37 percent when compared to numbers from this time in 2017.
  • Meanwhile, Canadian retail sales of all categories of farm tractors were up more than 16 percent last month, while self-propelled combines saw a jump of about 17 percent when compared to last year.
  • Sales of 4-wheel-drive tractors in Canada were up more than 56 percent, when compared with 2017.

“While sales of small equipment such as less than 40 HP tractors continue their growth trends over the last few years that had made them a bright spot, they have been joined by a softer upward movement started in 2017 for the larger production ag equipment such as 100-plus HP 2-wheel-drive tractors, 4-wheel drive tractors and self-propelled combines,” said Benjamin Duyck, AEM director of market intelligence.

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