Sales for 4WD tractors were up in July while other segments remained down, according to sales numbers from the Association of Equipment Manufacturers (AEM).
“July’s uptick in 4WD ag tractors is a bright spot after a slowdown of sales in June and May of 2024,” says Curt Blades, senior vice president at AEM. “However, we are still seeing softness across the subcompact tractor market after years of strong sales. We know the challenges facing the market are complex. This is why AEM is focused on advocating for the swift passage of a farm bill to provide the certainty farmers need to make these purchases.”
Association of Equipment Manufacturers
Tractor sales
Total farm tractor sales for July 2024 were 18,473, down 14.7% from last year with 21,515 sold July 2023. Year to date, AEM reports 133,495 total farm tractors were sold as of July this year, down 11.9% from 151,442 this time last year. Total farm tractor inventory began at 129,702 in July.
Tractor sales are broken down by horsepower range as follows:
Sales for 2WD sub-40-hp tractors in July 2024 were down 17.5% from 2023, with 10,927 sales this year, and 13,248 last year. Year to date, AEM reports 85,790 tractors have been sold in this category, down 14.2% from 100,037 at the same time last year. Two-wheel drive, sub-40-hp tractor inventory began at 78,850 in July.
Sales for 2WD 40- to 100-hp tractors in July were down 5.8%, with 5,104 sales this year, and 5,416 last year. Year to date, AEM reports 31,568 tractors have been sold in this category, down 8.2% from 34,392 at the same time last year. Two-wheel drive, 40- to 100-hp tractor inventory began at 37,302 in July.
Sales for 2WD 100+ hp tractors in July were down 19%, with 2,027 sales this year, compared to 2,501 last year. Year to date, AEM reports 13,798 tractors have been sold in this category, down 6.7% from 14,790 at the same time last year. Two-wheel drive, 100-plus-hp tractor inventory began at 12,620 in July.
Sales for 4WD tractors were up 18.6% in July, with 415 sales this year, and 350 last year. Year to date, AEM reports 2,339 tractors have been sold in this category, up 5.2% from 2,223 at the same time last year. 4WD tractor inventory began at 930 in July.
Combine sales
Sales for self-propelled combines were down 19.1% in July with 639 sales this year compared to 790 last year. Year to date, AEM reports 3,314 combines have been sold as of July, down 17.6% from 4,022 at the same time last year. Self-propelled combine inventory began at 1,643 in June.
