US and Canada Witness Surge in High-Power Tractor Sales

For the second consecutive month, the United States witnessed a surge in the sales of agricultural tractors with 100 or more horsepower, as per the latest data released by the Association of Equipment Manufacturers (AEM). In March, sales experienced a notable increase of 3.2% compared to the previous year, following a 2.8% rise in February compared to 2023.

However, the overall year-to-date sales figures for agricultural tractors and combines in the U.S. lag behind those of 2023, with a decline of 13.3% for tractors and 20.4% for combines.

“Seeing the continued growth in 100+ horsepower tractor sales is a welcome sight as 2024 progresses, despite the softness in other tractor sizes” said AEM Senior Vice President Curt Blades. “As we start the planting season, we remain optimistic for the future of the ag equipment market.”

Meanwhile, Canada also witnessed an uptick in sales of 100+ horsepower tractors in March, with a 2.7% increase compared to 2023. Notably, sales of 4-wheel-drive agricultural tractors soared by 27.3% year-on-year and are up by 10.8% year-to-date in Canada.