Tractor sales fell in November, reflecting a return to normalcy after a surge in purchasing of small machines during the pandemic, according to the Association of Equipment Manufacturers.
Total tractor sales were down 20.8% from November 2021, with sales of smaller tractors – those with less than 40 horsepower – dropping 27.9%. Sales of larger tractors, those with more than 100 horsepower, and of four-wheel drive machines rose 6.2% and 7.1% respectively.
“The overall reduction in numbers is attributed to small tractor sales which were experiencing unprecedented growth during the pandemic,” said Curt Blades, AEM’s senior vice president for industry sectors and product leadership. “However, with the efficiency and yield gains in new row-crop tractors and harvesters, it’s easy to see why those segments continue to grow.”
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Combine sales were also higher in November, jumping about 8.3%.
Overall tractor sales are down 14.5% for the first 11 months of the year, compared to 2021, but 2022 sales have largely tracked the five-year average, according to AEM. Sales in the large tractor category are up 13.3% this year over 2021, while combine sales have risen 15.7%.
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