U.S. Machinery Sales Struggled in July, Canada Saw Mild Gains

U.S. sales of combines dropped 43.7%, while overall agricultural tractor sales fell by 4.9% in July 2025 compared with July 2024, according to numbers from the Association of Equipment Manufacturers (AEM).

Canadian sales, on the other hand, increased in July 2025 compared with last year. Combine sales grew 11.4%, and sales of 2WD tractors grew 3%.

“While we’re encouraged by the modest growth in Canadian combine and tractor sales, the significant declines in the U.S. reflects ongoing caution in the marketplace,” said Curt Blades, senior vice president of AEM. “We believe farmers across North America are carefully evaluating their capital assets and taking a measured approach to equipment purchases, balancing operational needs with broader economic uncertainty.”

Tractor Sales

Total farm tractor sales for July 2025 were 17,614, down 4.9% compared to 18,519 sold in July 2024. Year-to-date, AEM reports120,354 total farm tractors were sold this year, down 9.9% from 133,541 in 2024. Total farm tractor inventory began at 101,552 in July.

Tractor sales are broken down by horsepower range as follows:

Sales for 2WD sub-40 hp tractors in July 2025 were down 1.7% from 2024, with 10,793 sales this year, and 10,978 last year. Year-to-date, AEM reports 79,366 tractors sold in this category, down 7.7% from 85,969 at the same time last year. Two-wheel drive, sub-40 hp tractor inventory began at 63,927 in July.

Sales for 2WD 40–100 hp tractors in July were up 0.8%, with 5,146 sales in 2025, and 5,107 in 2024. Year-to-date, AEM reports 29,465 tractors sold in this category, down 6.3% from 31,459 at the same time last year. Two-wheel drive, 40–100 hp tractor inventory began at 28,402 in July. 

Sales for 2WD 100-plus hp tractors in July were down 29.3%, with 1,427 sales this year, compared to 2,019 last year. Year-to-date, AEM reports 10,093 tractors sold in this category, down 26.7% from 13,776 last year. Two-wheel drive, 100-plus hp tractor inventory began at 8,461 in July.

Sales for 4WD tractors were down 40.2% in July, with 248 sales this year, and 415 last year. Year-to-date, AEM reports 1,430 tractors sold in this category, down 38.8% from 2,337 last year. Four-wheel drive tractor inventory began at 762 in July. 

Combine sales

Sales for self-propelled combines were down 43.7% in July with 359 sales this year compared with 638 last year. Year-to-date, AEM reports 1,871 combines were sold this year, down 43.4% from 3,308 last year. Self-propelled combine inventory began at 1,138 in July.