August has seen a promising lift in sales of smaller hp tractor sales resulting in a net decrease of just 4% compared to the same month last year. With just on 700 tractors delivered again for the month, the industry is now 11% behind last year on a year-to-date basis.
The biggest drop occurred in the larger ranges of 100 – 200hp and 200hp PLUS which impacts retail turnover significantly.
Tractor sales in detail
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The industry continues to struggle with “lumpy” demand and high inventory levels. This month sees the release of our quarterly Business Sentiment survey of dealers which indicates a slight improvement in optimism for the near term. This report will shortly be available on the TMA website.
Sales of Combine Harvesters have begun to move in advance of the upcoming season with sales up 4% on last year.
Sales of Balers were again down for the month and are 25% behind year to date and sales of Out-Front Mowers dropped again and remain 41% behind YTD.
This month sees the first reporting for Self-Propelled (SP) Sprayers. Annual Industry Volume is in the order 600 units on average, however 2025 looks like being a challenging year with current sales down 41% compared to the same time last year.
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