Sales of Agricultural tractors in June were up by 18% on the same month last year and are now in line with the 2022 year to date. This strong result is largely due to the end of year rush as buyers sought to maximise use of the Federal Government’s Temporary Full Expensing Program.
As we have been reporting for some months now, the industry’s ability to deliver tractors in such large quantities is due to the regular forward ordering that has been occurring for 2 years now in anticipation of supply challenges. The fact remains that if a farmer wants a specific “bespoke“ tractor ordered from the factory then delivery will be at least 12 months, indeed most dealers now are resisting taking forward orders because of the uncertainty surrounding supply combined with the price movements that are beginning to occur across the board.
Looking at sales across the nation, results were strong across the board with NSW sales up 23% to be now 2% behind last year. Queensland was up 19% to be now 7% ahead year to date and Victoria was 10% up on last June due mainly to supply of small hp units and is now up 2% on last year.
Sales in Western Australia recorded another huge lift with the further arrival of large hp machines, up 55% for the month but still 6% off YTD , South Australia were even for the month. Tasmania was down by 5% whilst sales into the Northern Territory were up 56%.
Taking a look at the performance reporting categories, the small under 40 hp (30kw) category was strongly up 37% to be 8% ahead YTD. The 40 to 100hp (30-75kw) range was up 3% in the month to remain 4% ahead YTD and the 100 to 200hp (75-150 kw) category was up again, 6% ahead in June to be 4% behind YTD.
The large 200 hp (150kw) PLUS range was the stand out again this month, 54% ahead of the same month last year but still 12% off YTD.
Combine Harvester sales have now started to occur and there is every expectation of another 1,000+ year for this product as the renewal of fleets depleted by the drought continues.
Baler sales enjoyed a turn around in June and are now down 3% compared with last year and sales of Out – Front Mowers finished down again by 39%.
The Annual State Of The Industry Report is now available for download from the TMA website. This report provides detailed analysis of the industry sales for the 2021 year and has been a staple for the industry for many years.
At this time we can also report the sale of the Agriview business. Agriview has been the provider of tractor sales data to the industry for over 40 years , most recently under the ownership of Alan Kirsten. Alan has now decided to take a step back and this business will now be operated by Kynetec who are a global leader in market research for animal health and agriculture. Details can be found on the TMA website www.tma.asn.au