The latest sales data released by the North American Association of Machinery Manufacturers (AEM) shows a 12.1% decline in US tractor sales in March 2023, Agriland reports April 13.
The tractor market in the USA is very different from the market in Europe: the sector up to 40 hp. Con. is the largest, and small family farms or part-time farms play a dominant role in agriculture. Last month, small car sales fell 14.2% from March 2022, bringing total units sold to 14,560.
This, in turn, has affected year-to-date totals, with 31,288 units sold thus far, down 20% from the prior year. Tractor sales in the EU also declined. However, industry insiders point out that the leading brand in much of Europe, John Deere, is in a good enough position to weather the slowdown in sales.
Farm tractor sales fell 8%. The stated reason for the decline is a supply bottleneck due to recent global outages. However, it is also observed that delivery times have been reduced to an average of six months.
Unlike the US and EU countries, UK tractor sales are growing: January showed a 28% increase in sales compared to 2022, with 12.5% more registrations tractors in March. Overall, farm machinery sales were up 10% year-over-year despite supply issues.
Remember, according to the information of the US National Union of Farmers, each American farmer loses an average of $ 3,348 (275,000 rubles) per year due to downtime caused by the ban on automatic repair of tractors, combines and other equipment established by manufacturers of agricultural machinery. .
Source: Rossa Primavera
I am Michael Melvin, an experienced news writer with a passion for uncovering stories and bringing them to the public. I have been working in the news industry for over five years now, and my work has been published on multiple websites. As an author at 24 News Reporters, I cover world section of current events stories that are both informative and captivating to read.