The sub-40hp tractor segment led segment losses in August again, down 16%, according to the latest data from the Assn. of Equipment Manufacturers (AEM).
The sub-40 horsepower tractor segment led segment losses, down 27.9% according to the latest data from the Association of Equipment Manufacturers (AEM).
Inflation in the U.S. general economy is now above 9% and that has caused many consumers to curtail much of their discretionary spending as they purchase the essentials for daily living.100+ horsepower tractors retail sales exceeded our monthly forecast but were only 3.5% above our year to date forecast.
Some 19,836 tractors in the under 40 horsepower tractor category were sold in the U.S. in May, down 15.9% from 23,587 sold in the same month last year.
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