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Tractor sales fall in U.S. and Canada for October: report

The Association of Equipment Manufacturers’ October report indicates that despite big gains from combine harvesters, total tractor sales fell in both Canada and the U.S. for the month. The strength of combine harvester sales put U.S. ag equipment unit sales above the five-year average for the third month since April 2022, but not all tractor segments are showing significant growth.

All ag tractor segments above 40hp grew in the U.S., as well as some other segments gaining, but total farm tractor sales are down 10.8 percent for the month of October compared to 2021, thanks largely to a 23.6 percent drop in the sub-40hp category. Total farm tractor sales for the country are down 14 percent year-to-date, which is a slight improvement over September.

In Canada, overall unit sales in tractors were down 9.6 percent, with the biggest drop coming from mid-range, 40 to 100hp units, which were down 12.9 percent. The only tractor unit that showed growth was 4WD tractors, which were up 19.2 percent. Year-to-date farm tractor unit sales in Canada are down 6.6 percent.