Tractor Combine Sales Drop in November
According to new data from the Association of Ā鶹app Manufacturers (AEM), U.S. sales of ag tractors and combines fell in November 2024 compared to the year before.
U.S. sales of tractors in all classes dropped 14.5% compared to November 2023. U.S. sales of combines remain soft, showing a decline of 24% year-to-date in 2024.
āNovemberās sales of Ag tractors and combines follow the same pattern of the last few months softness in the market,ā said AEM Senior Vice President Curt Blades. āThis slowdown in sales can be traced back to high interest rates and uncertainty in the overall ag economy.ā
Canadian sales of Ag tractors dropped 18.8% while combines fell 39.4% in November 2024 compared to the year before.
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