U.S. Sales of Ag Tractors and Combines Drop in November 2024

Share:

12/11/2024

According to new data from the Association of Equipment Manufacturers (AEM), U.S. sales of Ag tractors and combines fell in November 2024 compared to the year before.

U.S. sales of tractors in all classes dropped 14.5% compared to November 2023. U.S. sales of combines remain soft, showing a decline of 24% year-to-date in 2024.

“November’s sales of Ag tractors and combines follow the same pattern of the last few months softness in the market,” said AEM Senior Vice President Curt Blades. “This slowdown in sales can be traced back to high interest rates and uncertainty in the overall ag economy.”

Canadian sales of Ag tractors dropped 18.8% while combines fell 39.4% in November 2024 compared to the year before.

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 Advisorfor more AEM news and updates.  

AEM Updates, Agriculture & Forestry

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

Related Articles

Environmental and Social Stewardship: Cummins’ Long History of Values-Driven Business

By Danny Gavin, AEM Communications Coordinator --AEM member company Cummins has had a longstanding history of operating by its core values, putting sustainabilityand community...

Global Alliance for Construction Equipment (GACE) Announces Unified Commitment to Decarbonization

The Global Alliance for Construction Equipment (GACE) —a coalition of leading industry associations from six major economies—yesterday announced a unified commitment to...

Want Sales Team or Dealer Activation? Do the Marketing for Them

By Shannon Hughes,Director of Digital & Media Strategy, Lessing-Flynn --If you want consistent marketing through your sales channel, take the burden off your sales team and...

Gain Insights Into International Trade Dynamics With AEM’s Ag and Construction Equipment Global Trade Reports

Looking for comprehensive insights into international trade dynamics related to agriculture and construction equipment? Want detailed trade statistics and analysis focused on...

AEM Welcomes 9 New Members in July

All AEM members work together through the association to build momentum for the equipment manufacturing industry, as well as the ag and construction markets it serves.  AEM...

View all AEM Updates