Overall unit sales of U.S. combines climbed 10.6 percent compared to July 2022, while sales of tractors declined 5.2 percent in the same month in 2022, mainly driven by softness in the smaller horsepower segment.
Canadian tractors saw slower July sales, with an overall decline approaching 20 percent, with combines declining 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,” said Curt Blades, senior vice president at the Association of Equipment Manufacturers. “The softness in the compact and sub-compact tractor market in both the U.S. and Canada is something we have been experiencing for some time after record growth in the segment during the recent pandemic.”
In the U.S., 100+hp 2WD tractors, 4WD tractors, and combines were the only segments to grow year over year, the same segments that have been positive year to date. The biggest overall growth among tractors was 4WD units, growing just over 1 percent for the month.
In Canada, every segment declined, with the 40-100hp 2WD segment leading losses, at more than 24 percent. Despite the decline in comparative July sales, year-to-date tractor and combine sales continue to show strength in larger ag-specific equipment like row crop tractors, 4WD tractors, and self-propelled combines.
So far this year, tractors are down more than 9 percent in the U.S., while combines are up 41.2 percent. Canadian tractor unit sales are down more than 15 percent, with combines up 48.2 percent.
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