Unit sales of 4-wheel-drive agriculture tractors grew in both the U.S. and Canada in November, continuing a strong final quarter of 2023, according to the latest data from the Association of Equipment Manufacturers (AEM).
In the U.S., the November data shows that 4-wheel-drive tractors grew year-over-year 72.6 percent, the only segment to see growth for the month. Year-to-date, 4-wheel-drive tractor sales are up 38.2 percent, leading all segments in unit sales growth. In Canada, 4-wheel-drive unit sales were up 84.8 percent for the month, and 41.5 percent year-to-date.
“November is historically a slow month for tractor and combine sales,” said Curt Blades, senior vice president, industry sectors and product leadership at the Association of Equipment Manufacturers. “We are happy to see the year-to-date sale’s strength in the larger equipment market and remain optimistic for the long-term.”
Overall unit sales of U.S. tractors are down 4.7 percent compared to sales in November 2022, while combine sales finished 11.3 percent below this time last year. Canadian tractor sales finished the month up 1.0 percent. Combines were also down for the month, falling 12.8 percent.
The full reports can be found in the Market Data section of the AEM website under Ag Tractor and Combine Reports.
U.S.: https://www.aem.org/market-data/statistics/us-ag-tractor-and-combine-reports/
Canada: https://www.aem.org/market-data/statistics/canadian-ag-tractor-combine-reports/
