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April 2024 Sales of 4-Wheel-Drive Tractors Jump More than 20% in the U.S.

U.S. Sales of 4-Wheel-Drive tractors increased 24% in April compared to 2023, according to the new data from the Association of Equipment Manufacturers (AEM). Additionally, 4-Wheel-Drive tractor sales are up 1.9% in the U.S. year-to-date.

Unit sales of 100+ Horsepower tractors increased in the U.S. April sales rose 7.2% year-over-year, following March’s jump of 3.2%. February sales were also up 2.7% compared to last year. Combines sales increased in April, growing 6.7% compared to 2023. 

“The modest growth in agriculture 4-Wheel-Drive tractor sales in April 2024 is an indicator of resilience in the overall ag industry,” said AEM Senior Vice President Curt Blades. The smaller horsepower market continues to be a challenge, but we remain optimistic for the long-term strength of the ag equipment market.”

Canadian sales of Combines also skyrocketed 73.5% in April compared to 2023 and are up 17.7% year-to-date. 4-Wheel-Drive tractors grew 7.2% year-over-year and 9.2% year-to-date. 

The Ag Tractor and Combine reports can be found on the AEM Market Share Statistics page. The U.S. report can be downloaded from this page, while the Canadian report is available for download here.  

About the Association of Equipment Manufacturers (AEM)
AEM is the North America-based international trade group representing off-road equipment manufacturers and suppliers with more than 1,000 companies and more than 200 product lines in the agriculture and construction-related industry sectors worldwide. The equipment manufacturing industry in the United States supports 2.3 million jobs and contributes roughly $316 billion to the economy every year. 

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