May 2022 tractor, combine sales dip below five-year average
For the first time since March 2020, U.S. tractor and combine sales fell below the five-year average last month. Canadian sales were able to remain above the average, according to the Association of Equipment Manufacturers (AEM).
U.S. total farm tractor sales fell 14.5% in May compared to 2021. Self-propelled combine sales also dropped to 315 units sold or 12.7%. For the third month in a row, the only sector that grew was the 100+ horsepower 2WD segment, which was up 13.9%. Mid-range tractors between 40 and 100 horsepower fell 16.4%, and the sub-40 hp segment was down 15.9%. 4WD tractors were down 30.4%. Both farm tractor and combine total sales were down 14.2% year-to-date.
Despite 2WD units in the 40 to 100 hp and 100+hp ranges (up 21.8%), and 4WD tractors growing, Canadian unit sales fell 11.3%. Total 2WD unit sales were down 11.6%, which was due to a fall in sub-40 hp machines.
Combine harvesters fell 28.4% to 78 units sold. Year-to-date farm tractor unit sales are down a 8.6/5 in Canada, while harvesters are down 28.1%.
“Supply chain remains the primary issue in the ag equipment market right now,” says Curt Blades, senior vice president, industry sectors & product leadership at the Association of Equipment Manufacturers. “Another thing to keep in mind, especially when comparing numbers year-over-year, is 2021 sales were significantly above historic trends.”