In the U.S., under 40 horsepower 2-wheel drive tractors decreased 0.6%, while sales of 40-100 horsepower tractors grew 4%. In Canada, sales were down 11.1% for under 40 horsepower and 10.8% for 40-100 horsepower 2-wheel drive tractors.
According to the Assn. of Equipment Manufacturers’ latest sales figures covering the first half of the year, only mid-size tractor sales during the first 6 months of 2019 showed a deficit compared to the first 6 months of 2018.
Overall, net sales for the first 6 months of 2019 were approximately $4.4 billion, a decrease of approximately 2.8% compared to the same period in 2018.
Off-road vehicles and snowmobile segment sales, including PG&A (parts, garments and accessories), were up 6% over the second quarter of 2018 driven by increased average selling prices, particularly in side-by-sides and growth in PG&A.
The free Atlas of Rural and Small-Town America allows users to view socioeconomic statistics, such as demographics, income, jobs and veteran status, at the nationwide, state-wide or county-wide level.
However, the segment did not see the year-over-year improvement that tractor manufacturers earned in the 2019 Equipment Dealers Assn.’s Dealer-Manufacturer Relations Survey.
The 2019 Equipment Dealers Assn. (EDA)’s Dealer-Manufacturer Relations Survey shows OPE manufacturers again ranking highest of all the manufacturing categories.
U.S. sales of tractors under 40 horsepower were down 2.6% in June compared with June of 2018 and sales of tractors 40-100 horsepower were down 4.8%, according to the Assn. of Equipment Manufacturers.
The current figures project slightly less growth than what was projected in February. However, similar steady growth is forecast, outpacing the overall economy.
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