According to the latest AEM Flash Report, July resulted in the second month in a row where all equipment categories tracked had positive sales year-to-date.
“Seven months into the year, we’re still looking at favorable numbers,” Curt Blades, AEM senior vice president, Ag services, said in a news release. “Surveys of our membership show a good majority feel the market has been strong this year but are beginning to have concerns about the second half of the year. Tariffs and trade continue to dominate the conversation, with the lingering uncertainty of their impact on current positive market performance.”
Year-to-date combine sales are up 23.7%, and comparing July 2018 to July 2017 combine sales were up 37.2%. Searches for combines at MachineryPete.com are up 10% comparing 2018 year-to-date with the 2017 numbers. Click here to search 6,500 combines for sale today on MachineryPete.com.
So far in 2018, four-wheel-drive tractor sales are up 12.7% compared with 2017.
“While sales of small equipment such as less than 40 HP tractors continue their growth trends over the last few years that had made them a bright spot, they have been joined by a softer upward movement started in 2017 for the larger production ag equipment such as 100+ HP 2WD tractors, 4WD tractors and self-propelled combines,” Benjamin Duyck, AEM director, market intelligence said in a press release.