Tractor sales growth continued for the 11th straight month in March, closing out the quarter with nearly 55% growth in total tractor sales over 2020 figures.
According to figures from the Association of Equipment Manufacturers, year-over-year sales in March increased 84.1% in 2021. The biggest gains were in small, sub-40 horsepower tractors, which nearly doubled in sales (up 96.5%). Sales of 100 horsepower units were also higher, shooting up 63.5%. Sales of larger four-wheel-drive units were up a modest 2.5% to reverse the slight sales decrease observed in February.
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“The strength of ag tractor and combine sales this month, driven largely by small tractors, but showing strength across all size classes, reinforces the optimistic findings of a survey we shared earlier this year,” AEM’s Curt Blades said in a statement. “That survey found increased customer demand has manufacturers optimistic sales will increase or remain stable, despite COVID-19 and workforce challenges in 2021.”
Combine sales also observed quarterly and monthly growth; March sales were 6.7% higher in 2021, capping off a quarter that observed a 16.5% sales increase over 2020.
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