A total of 156,070 under 40 horsepower tractors were sold in the U.S. in 2023, according to the latest data from the Assn. of Equipment Manufacturers. (AEM).
According to the latest data from the Assn. of Equipment Manufacturers, the U.S. saw 13,231 compact tractor sales in October, down 6.4% year-over-year from 14,129 units last year.
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).
According to the Association of Equipment Manufacturers, sub-40 horsepower tractor U.S. sales stayed moderately positive, growing 0.4% in September. In Canada, sales the sub-40 horsepower segment saw unit sales grown 13.5% in the month.
While some positive signs are emerging for large equipment sales in the production segment of the agricultural industry, sales of small equipment and other rural lifestyle products is where the real action is these days. In addition to the record-setting sales of compact tractors, other segments of this market are also booming.
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