While its not shocking that total unit retail sales are below last years blistering pace, the numbers are coming more in line with the five-year sales average and are only ahead of 2019s sales totals, AEM says.
The breakdown is this: In the 2WD segment, sales of under 40HP tractors were off 10 percent compared to June of 2021; and sales in the 40HP to under 100HP category were off 7.2 percent compared to June of 2021. Year-to-date, sales are off nearly 16 percent in the under 40HP category and down a little more than 12 percent in the 40HP to under 100HP segment. Sales in the 100+ HP segment showed some strength, up 9.6 percent compared to June of 2021 and up a tick over 10 percent year to date, AEM reports.
In the 4WD segment, sales were of 3 percent compared to June of 2021 and are off 11 percent year to date.
In total, sales of all farm tractors were down 8 percent compared to June of 2021 and are down more than 13 percent year to date, AEM adds.
For the full report: https://www.aem.org/AEM/media/docs/Statistics/US-Month-Ag-Report-6-2022.pdf.
