U.S. sales of 4-wheel-drive tractors increased 4.8% in August 2024 compared to the year before according to new data from the AEM. U.S. sales also increased 5.2% year-to-date.
Total U.S. Ag tractor sales decreased 19.4% compared to 2023, while combine sales dropped 19.6%.
“While the increase in 4-wheel-drive tractors is modest, it's indicative of the industry's resilience and the ongoing need for agricultural equipment,” said AEM Senior Vice President Curt Blades. “The decline in the overall tractor market highlights the urgent need for a robust farm bill to support rural America and our agricultural community.”
Canadian sales of 4-wheel-drive tractors increased 29.4% in August 2024 compared to 2023, and are up 18.1% year-to-date. Total Canadian Ag tractor sales fell 26.1% compared to last year, while total combine sales dropped 36.5%.
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.
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