Tractor sales continue to show signs of softening demand


While overall tractor sales continue to outpace last years sales totals, the under 40HP market segment saw another month of sales that fell below the same month in 2020, according to the latest Flash Report from the Association of Equipment Manufacturers.

For June, sales in the under 40HP segment were off more than 18 percent compared to last year, and sales in the 40HP to under 100HP segment were also off more than 3 percent compared to the same month last year.

Because these segments contribute to the lions share of overall sales, it pushed the total sales of 2WD farm tractors to 13.2 percent below June of last year. Thats despite a strong showing in the 100+ HP segment that saw sales up nearly 25 percent over June of last year. Year to date, sales continue to remain ahead of last years pace, up nearly 17 percent overall.

The report also indicated a strong month for 4WD tractor sales, up 141 percent over June of last year, and up more than 32 percent year to date.

Overall, total farm tractor sales were down 12.7 percent compared to June of last year, the second straight month of figures reported below year-ago sales. Sales remain ahead of year-ago totals, and above the five-year sales average, the AEM reports.

For the full report: