U.S. Sales of Ag Tractors and Combines Decline in June 2024

Share:

7/11/2024

Ag Tractor and Combine ReportsU.S. sales of ag tractors and combines in June 2024 fell below reported sales from the same month a year ago, according to new data from AEM.

June sales of 2-wheel-drive tractors dropped 16.3% compared to 2023, while 4-wheel-drive tractors fell 1.3% within the same timeframe. Combines sales declined as well, finishing the month 31% below June 2023.

June’s sales of ag tractors and combines follow a May that also showed a slowdown in sales,” said AEM Senior Vice President Curt Blades. “This softness in the market follows a robust five years of sales. The challenges facing the subcompact tractor market illustrate why the passage of a strong farm bill is so needed to lift rural America and our farmers and growers.”

In Canada, sales of 4-wheel-drive tractors were a bright spot, growing 10.6% in June 2024 compared to the prior year. Canadian sales of combines increased year-to-date, finishing the month up 13.6%.

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.

For more AEM news and updates, subscribe to the AEM Industry Advisor.

AEM Updates, Agriculture & Forestry

For more AEM news and updates, subscribe to the AEM Industry Advisor.

Related Articles

How To Become a Go-To Source for Industry Media

By Curt Bennink, Senior PR Editor, Lessing-Flynn — Editor inboxes are overflowing with pitches. Most miss the mark. But there are steps you can take to keep your pitch from...

AEM Holds First-Ever Hill Day in Ottawa

AEM held its first-ever Hill Day in Ottawa, Oct. 22. Industry executives held meetings with Members of Parliament, Senators and senior Canadian government officials to discuss...

Significant State Races to Watch This Election Day

This election season has been dominated with news surrounding races for critical federal offices. While there are 468 federal congressional seats up for election in 2024, there...

Attend AEM’s Upcoming Equipment Market Update Webinar to Finish Strong in 2024

As 2024 comes to a close, AEM is delighted to offer its members a detailed, extensive and data-driven outlook on the agriculture and construction industries through its Q4...

AEM’s Brittany Schmidtke Earns Project Management Professional Certification

AEM’s Brittany Schmidtke is now a PMP-certified professional.Earners of the globally recognized Project Management Professional (PMP) have demonstrated their extensive knowledge...

View all AEM Updates