U.S. farm tractor unit sales continue double-digit growth rate in both the U.S. and Canada, and inventories continue to fall, after a strong month of April. U.S. total farm tractor sales rose 22.7 percent in April compared to 2020, which was the first month of the current sales growth trend, while U.S. combine sales fell 3.2 percent. U.S. tractor sales grew across every segment, with the biggest gains in the 100 plus horsepower segment, up 29.2 percent.
For Canada, April monthly tractor and combine sales were positive across all segments, with the four-wheel-drive segment nearly doubling, up 93.3 percent to 201 units sold, while total farm tractor sales were up 72.3 percent. Combine sales also grew 23.1 percent. Curt Blades, Senior Vice President of Ag Services at the Association of Equipment Manufacturers, says, “Seeing the larger row-crop units leading the way in segment gains shows the pull rising commodity prices have been having on equipment sales.”