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(NAFB) – The Association of Equipment Manufacturers says there are several factors driving the current machinery sales trends.
In the first quarter of 2021, total farm tractor unit sales are up more than 50 percent in the U.S., and nearly 60 percent in Canada.
AEM’s Curt Blades says, “We’re operating in a very interesting market right now.” Over the last 12 months, there’s been a rise in under 40 horsepower, or small tractor sales. Blades says, “This is due largely to a lot of the industries that have done very well during the pandemic.”
Small tractors fall into that category as well as sales are spiking largely in suburbs with larger lots to help homeowners with improving the property. However, starting later in 2020, larger row-crop and articulated 4WD tractors have also enjoyed increasing sales success.
Tue May 25, 2021 - National Edition
AEM
Association of Equipment Manufacturers (AEM) president Dennis Slater issued the following statement in support of a bipartisan surface transportation reauthorization bill that calls for a historic investment in U.S. roads, highways and bridges. The Surface Transportation Reauthorization Act of 2021 reflects many of the policies that are vital to keeping equipment manufacturers competitive in the global economy and creating new jobs, new growth and new prosperity for all Americans. We applaud Senators Carper, Capito, Cardin and Cramer s leadership in securing this historic, bipartisan agreement to fund America s roads, highways and bridges. Their tireless leadership will ensure Americans have the safe, reliable, and modern surface transportation system our economy needs.