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Tractor Sales Growth Softens in U.S. and Canada

Self-propelled combine sales continued to increase in the U.S. while total farm tractor unit sales in the U.S. and Canada declined in July.

The latest data from the Association of Equipment Manufacturers says overall unit sales of U.S. combines rose almost 11 percent compared to July 2022, while tractor sales dropped five percent compared to July of last year. The tractor decline was driven largely by the softness in the smaller horsepower segment. Canadian tractors saw slower sales in July with a decline of almost 20 percent, with combines dropping 16 percent year-over-year for the month of July.

“We’re still seeing moderate growth in the traditional ag market that has shown a steady rise all year in North America,” says Curt Blades, senior vice president with the Association of Equipment Manufacturers. So far this year, tractors are down more than nine percent in the U.S., while combines are up 41 percent.

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