Tractor/Combine Sales: 4WD Tractor Sales Surge

“With the technology in today’s equipment, it’s no surprise to see the 4WD segment continuing to grow as farmers look to increase their yields,” said Curt Blades, Senior VP of AEM. “This segment has been strong all year, as farmers are continuing to invest in productivity gains for their operations.”

Association of Equipment Manufacturers

In the U.S., 100+hp 2WD tractors, and 4WD tractors grew year-over-year. Both segments, along with self-propelled combines remain positive for the year. The biggest overall growth among tractors happened in 4WD units, growing more than 113% in September. In Canada, 4WD sales finished the month in a similar position, up more than 91%.

Overall unit sales of U.S. tractors are down 4.3% compared to sales in September 2022, with 100+hp 2WD units being the only other growth segment, while combine sales finished nearly flat, only selling 8 fewer units than the previous year. Canadian tractor sales fell nearly 14%, with combines declining more than 37%.

Year to date at the end of the third quarter of 2023, combine sales overall are positive, up more than 25%, while tractors altogether are down just over 8% in the U.S. Year-to-date Canadian tractor unit sales didn’t change pace much versus the previous month, now down just over 14%, while combines are up 16.5%.

Source: Newsroom.AEM.org