March has delivered another stellar month for sales of agricultural tractors with a 64% rise on the same month last year. The last 12 months have now seen in excess of 15,000 tractors sold in this country which is 40% ahead of the previous 12 month period.
A feature of this month’s sales was the fact that all reporting categories enjoyed huge rises. The under 40hp (30kw) range was up 61% for the month to be 68% ahead YTD. The 40 to 100hp (30-75kw) range was again up strongly 70% in the month (68% YTD), the 100 to 200hp (75-150kw) category was up 58%. (53% YTD)
The large 200 hp (150kw) PLUS range enjoyed another strong rise, up 72% and is now 92% ahead for the year.
Activity in the month was strong in all states with NSW again the standout up 98% on the same time last year and now 105% for the YTD. Victoria reported another solid month up 47% now sitting 45% ahead for the year meanwhile Queensland was again up 64% to be 63% up YTD.
Western Australia sales picked up 70% to be 72% ahead for the year, sales in South Australia reported a 14% increase for the month and finally Tasmania finished the month 65% ahead.
As we have been reporting for some months now, the combination of the Federal Governments Instant Asset Write Off Scheme along with the outstanding weather conditions has been driving demand.
Offsetting these positives is the matter of supply. The effects of COVID 19 restrictions in source countries along with the lift in demand for machinery worldwide has put strain on local deliveries
The big question being asked is, “How long can the good times last”?
Whilst the recent rain events have caused havoc in some regions, the overall effect of all of this rain is expected to be positive so with the Instant Asset Write Off Scheme due to expire on June 30, 2021; we expect a continuation of the strong demand for machines to remain at least until then. Beyond this we are anticipating a “tapering off”, the depth and duration of which is still largely unknown suffice to say that the industry remains very healthy
The order intake season for Combine Harvesters is now well underway and dealers are reporting increased demand. The past 12 month period has seen sales go past the 650 unit mark which is up from 530 for the previous 12 months.
Baler sales dipped for the first time in some time but are still up 39% on an annualised basis and sales of Out – Front Mowers also slowed but remain 35% ahead of the same time last year.
SAVE THE DATE. We can now advise that the TMA’s Annual Conference is to be held once again this year in Melbourne at the Hyatt Essendon Fields on Tuesday July 20th.
Tickets will shortly be available for purchase and we hope that people will take the opportunity to come together again and take part in the day.