From staff reports
U.S. ag tractor and combine monthly unit sales in May 2022 fell below the five-year average for the first time since March 2020, which Canadian sales remained above the line, according to the latest data, released Friday by the Association for Equipment Manufacturers.
U.S. total farm tractor sales fell 14.5 percent for May, compared to the year-earlier period, while U.S. self-propelled combine sales for the month declined 12.7 percent to 315 units sold. The 100-plus horsepower 2WD segment was the only growth segment in the U.S. market for the third straight month, up 13.9 percent, indicating continued demand in row-crop agriculture, while mid-range tractors between 40 and 100 horsepower declined 16.4 percent, and the sub-40 horsepower segment was down 15.9 percent.
There was a steep decline in the 4WD tractor segment, which experienced a 30.4 percent year-over-year decline.
In Canada, unit sales declined 11.3 percent, despite growth among 2WD tractors in the 40-100 horsepower and 100-plus horsepower categories, and in the 4WD tractor segment.
The sale of 100-plus horsepower, 2WD tractors was up 21.8 percent, but the entire 2WD tractor segment was down 11.6 percent as a result of a decline in the number of sub-40Hp units sold.
Combine harvester sales declined 28.4 percent year-over-year, to 78 units sold.
Year-to-date, farm tractor unit sales are down 8.6 percent in Canada, while harvesters are down 28.1 percent.
“Supply chain remains the primary issue in the ag equipment market right now,” Curt Blades, senior vice president, industry sectors & product leadership at the Association of Equipment Manufacturers, said in a news release. “Another thing to keep in mind, especially when comparing numbers year-over-year, is 2021 sales were significantly above historic trends.”
Follow the links below to view the sales reports for U.S. and Canada.
U.S.: https://www.aem.org/market-data/statistics/us-ag-tractor-and-combine-reports/
Canada: https://www.aem.org/market-data/statistics/canadian-ag-tractor-combine-reports/