The sales of combines and 4-wheel-drive tractors remain stalled behind last year’s pace, according to the Association of Equipment Manufacturers.
In the latest Flash Report http://www.aem.org/AllDocuments/AEM/MI/Reports/14_08_USAG.pdf, combine sales were nearly 29 percent below August of last year, and year-to-date sales are off 17 percent.
Four-wheel drive tractor sales are also down, with sales off 37 percent for August (compared to one year ago) and for the year down more than 14 percent.
Total two-wheel-drive tractor sales did show a bit of life, up a bit above 3 percent, both for the year-to-date and August, but most of those numbers came from the under 40-hp and 40- to 100-hp segment. Tractors in the 100+-hp segment were down 11 percent for August, and remain lagging last year’s pace, down nearly 9 percent for the year.
With harvest activity set to move into full swing, and lagging crop prices, it’s likely these numbers reflect a bit of reservation in the farm community to invest in some new equipment. That sentiment could mean some additional hours in the maintenance shed as a few more seasons are squeezed out.
Are you going to be holding on to your equipment a bit longer?