AEM releases year-end equipment sales data | Michigan Farm News

AEM releases year-end equipment sales data

Category: Crops

by AEM

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Photo Credit | Bader & Sons Co.

MILWAUKEE — The Association of Equipment Manufacturers’ (AEM) December U.S. Ag Tractor and Combine Report shows all machine categories recorded year-to-date growth as 2018 closed out.

U.S. December year-to-date sales of self-propelled combines showed 18.2 percent growth and YTD sales of four-wheel-drive tractors gained 12.9 percent.

U.S. sales of self-propelled combines gained 29.7 percent month-over-month in December compared to last year, while U.S. sales of four-wheel-drive tractors declined 9.2 percent month-over-month.

Overall U.S. sales of two-wheel-drive tractors for December year-to-date grew 6.8 percent; under-40 horsepower tractors gained 9.2 percent; 40-100 horsepower tractors increased 1.5 percent, and 100-plus horsepower tractors grew 5.5 percent.

For December month-over-month, total U.S. sales of two-wheel-drive tractors grew 5.7 percent compared to last year: a 7 percent gain for under-40 horsepower tractors, a 3.6 percent increase for 40-100 horsepower tractors, and a 5.9 percent gain for 100-plus horsepower tractors.

“2018 was a solid year for equipment sales despite a weak overall farm economy and lingering trade issues,” said Curt Blades, AEM senior vice president of Agriculture for AEM. “As we look at 2019, we’re still seeing a lot of uncertainty related to the Administration’s efforts to reset global trade parameters. We’re also watching some uncertainty with stock market ups and downs which could indicate a potentially slowing economy. As a whole, we remain optimistic that the replacement market for large equipment will continue through 2019, and that the small tractor market will continue to be a bright spot on overall sales numbers.”

The full report can be found in the Market Data section of the AEM website under Ag Tractor and Combine Reports (https://www.aem.org/AEM/media/docs/Statistics/18-12-USAG.pdf).

AEM is the North America-based international trade group representing off-road equipment manufacturers and suppliers with more than 1,000 companies and more than 200 product lines in the agriculture and construction-related industry sectors worldwide. The equipment manufacturing industry in the United States supports 1.3 million jobs and contributes roughly $159 billion to the economy every year.