AEM Releases June 2021 Equipment Sales Numbers

Smaller tractors led declines in U.S. and Canada farm tractor sales while overall tractor inventories are down more than 40 percent year-over-year. Monthly data released by the Association of Equipment Manufacturers finds U.S. total farm tractor sales fell 12.7 percent in June compared to 2020, the second overall negative result in a year. Meanwhile, U.S. Combine sales increased 4.1 percent for the month.  Small tractor sales led the decline, down 18.4 percent, while midsized tractor sales declined 3.1 percent. All other segments saw increased sales over the prior month. Year to date, U.S. farm tractor sales remain up 16.7 percent and combines up 11 percent. For Canada, June monthly tractor and combine sales were a mixed bag. Available inventories may explain some of the changes in sales, as U.S. total farm tractor inventory is 41.3 percent below levels in June 2020 while Canadian inventory is down 33.2 percent over that same time.