Responsive Image Banner

AEM: July Ag Numbers Extends Growth Streak

Premium Content

13 August 2020

US, Canada see growth despite COVID uncertainty

Overall unit sales of agricultural tractors and self-propelled combines in July 2020 were positive for the fourth month in a row in the U.S. and remained positive for the second consecutive month in Canada according to the latest data from 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 1000 companies and more than 200 product lines in the agriculture and construction-related industry sectors worldwide.

United States

U.S. total farm tractor sales rose 34.1 percent in July compared to 2019 while U.S. June self-propelled combine sales grew 33.6 percent.

Four-wheel-drive tractors continued their decline in unit sales in the U.S. in July, falling 21.2 percent in July and 12.8 percent year-to-date. Total year-to-date (YTD) sales of all farm tractor are up 14 percent in 2020, while combines broke into positive territory for the first time in 2020, now up 4.1 percent in the same period.

Canada

For Canada, July tractor sales grew across every segment, leading to an overall gain of tractor sales of 33 percent.  That puts year-to-date unit sales for farm tractors up 4.8 percent, while combines monthly sales growth of more than 41 percent cut total YTD losses nearly in half to 16.8 percent.

“We’re continuing to see demand in the small, medium, and harvesting sectors,” said Curt Blades, senior vice president of Ag Services at AEM. “The continuously-developing nature of the COVID-19 situation, and its effect on the agricultural sector, is keeping our optimism cautious.  Growth in the U.S. market has outpaced the five-year average each month, so we’re hoping that continues.”

The full reports can be found in the Market Data section of the AEM website under Ag Tractor and Combine Reports.

Click here for U.S.

Click here for Canada.

Power Progress Networking Forum

The Tariff Report Everyone Will Want...
Early Access For Attendees.

All Power Progress Networking Forum attendees will recieve early access to the updated digital report by Off-Highway Research, 'The Imapct of U.S. Tarriffs on the Construction Equipment Industry'.

Register your interest
POWER SOURCING GUIDE

The trusted reference and buyer’s guide for 83 years

The original “desktop search engine,” guiding nearly 10,000 users in more than 90 countries it is the primary reference for specifications and details on all the components that go into engine systems.

Visit Now

STAY CONNECTED



Receive the information you need when you need it through our world-leading magazines, newsletters and daily briefings.

Sign up

Latest News
Volvo CE and Metzner in first all-electric deconstruction project
Volvo Construction Equipment (Volvo CE) and Metzner Recycling has completed the world’s first zero-emission industrial-scale deconstruction
New Holland D-Series mini excavators built in-house
E42D and E50D mark the debut of a fully in-house engineered D-Series line
Caterpillar recognizes top-performing suppliers
Recognized in Supplier Excellence, Aftermarket Excellence and Supplier of the Year categories
CONNECT WITH THE TEAM
Becky Schultz Vice President of Content Tel: +1 480 408 9774 E-mail: becky.schultz@khl.com
Julian Buckley Editor Tel: +44 (0) 1892 784088 E-mail: julian.buckley@khl.com
Chad Elmore Managing Editor E-mail: chad.elmore@khl.com
Tony Radke Vice President of Sales Tel: +1 602 721 6049 E-mail: tony.radke@khl.com
CONNECT WITH SOCIAL MEDIA