Sales for 100-plus hp 2WD saw continued gains in March, all other segments down

Sales for 100-plus hp 2WD tractors in the United States saw continued gains from February while all other segments remained down in March, according to sales numbers from the Association of Equipment Manufacturers (AEM).

“Seeing the continued growth in 100-plus hp tractor sales is a welcome sight as 2024 progresses, despite the softness in other tractor sizes,” says Curt Blades, senior vice president at AEM. “As we start the planting season, we remain optimistic for the future of the ag equipment market.”

Tractor sales

Total farm tractor sales for March 2024 were 18,917, down 12.1% from last year with 21,531 sold March 2023. Year to date, AEM reports 42,824 total farm tractors were sold as of March this year, down 13.3% from 49,414 this time last year. 

Tractor sales are broken down by horsepower range as follows:

Sales for 2WD sub-40 hp tractors in March 2024 were down 15.8% from 2023, with 12,298 sales this year, and 14,614 last year. Year to date, AEM reports 26,131 tractors have been sold in this category, down 17% from 31,489 at the same time last year. 

Sales for 2WD 40-100 hp tractors in March were down 6.9%, with 4,333 sales this year, and 4,654 last year. Year to date, AEM reports 10,892 tractors have been sold in this category, down 8% from 11,837 at the same time last year. 

Sales for 2WD 100-plus hp tractors in March were up 3.2%, with 1,909 sales this year, compared to 1,850 last year. Year to date, AEM reports 4,976 tractors have been sold in this category, down 4.2% from 5,192 at the same time last year. 

Sales for 4WD tractors were down 8.7% in March, with 377 sales this year, and 413 last year. Year to date, AEM reports 825 tractors have been sold in this category, down 7.9% from 896 at the same time last year. 

Combine Sales

Sales for self-propelled combines were down 23.3% in March with 389 sales this year compared to 507 last year. Year to date, AEM reports 1,203 combines have been sold as of March, down 20.4% from 1,511 at the same time last year.