4WD tractors lead equipment sales in October, all other segments down

The self-propelled combine segment saw its biggest drop in sales all year, falling 52% from October 2022.

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Photo: United Soybean Board

Sales for 4WD tractors started Q4 of 2023 strong with continued growth in October — but there’s not much else to write home about for the month, according to sales numbers from the Association of Equipment Manufacturers (AEM).

“The mixed sales results for October reflect the market as a whole,” says Curt Blades, senior vice president, industry sectors and product leadership at AEM. “We are happy to see the continued sale’s strength in larger equipment market and remain optimistic for the long term market.”

Machinery sales for the past year as of October 2023, according to the Association of Equipment Manufacturers

AEM

READ MORE: High-horsepower 2WD and 4WD tractors lead equipment sales in September

Tractor sales

Total farm tractor sales for October 2023 were 25,017, down 5.6% from last year with 26,503 sold in 2022. Year to date, AEM reports 218,244 total farm tractors were sold as of October this year, down 8.6% from 238,820 this time last year. 

Tractor sales are broken down by horsepower range as follows:

Sales for 2WD sub-40 hp tractors in October 2023 were down 6.4% from 2022, with 13,231 sales this year, and 14,129 last year. Year to date, AEM reports 138,279 tractors have been sold in this category, down 11.3% from 155,971 at the same time last year. 

Sales for 2WD 40-100 hp tractors in October were down 7.4%, with 6,919 sales this year, and 7,473 last year. Year to date, AEM reports 52,541 tractors have been sold in this category, down 8.9% from 57,700 at the same time last year. 

Sales for 2WD 100+ hp tractors in October were down 2.7%, with 4,141 sales this year, compared to 4,256 last year. Year to date, AEM reports 23,634 tractors have been sold in this category, up 5.7% from 22,366 at the same time last year. 

Sales for 4WD tractors were up 12.6% in September, with 726 sales this year, and 645 last year. Year to date, AEM reports 3,790 tractors have been sold in this category, up 36.2% from 2,783 at the same time last year. 

Combine Sales

Sales for self-propelled combines were up again in October, down 52.1% with 797 sales this year compared to 1,663 last year. Year to date, AEM reports 6,486 combines have been sold as of October, up 4.5% from 6,208 at the same time last year. 

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