Tractor sales up across the board in February
Sales for all segments of agriculture equipment are up in the United States for February following growth in January.
In a report from the Association of Equipment Manufacturers (AEM), total tractor sales are up over 9% for February 2022 compared with the same period last year. This boost was led by 100+ hp. 2WD tractors, with a near 28% jump in sales from February 2021.
All other segments in the U.S. saw more modest growth. Sales for sub-40 hp. 2WD tractors were up over 8%. Mid-range tractors between 40 and 100 hp. saw a decline in sales last month, but were up over 7% this month. Self-propelled combine sales were up about 3%. Sales for 4WD tractors were nearly flat, up only 0.6% — just one additional unit sold compared to last year.
“This is another positive month for ag tractor and combine sales, up overall in both North American markets,” says Curt Blades, senior vice president, industry sectors & product leadership at AEM. “Strength in the commodities markets is continuing to drive a lot of the sales growth, which we see in that continued growth in bigger row crop units. And with fuel prices seeming to be on their way up for the foreseeable future, it’s possible even more farmers will want to get in on the efficiencies that new equipment has to offer.”
For more information, visit aem.org.