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- DTN Headline News
Tractors Take New Sales Hit in November
By Dan Miller
Tuesday, December 10, 2024 6:16PM CST

CHELSEA, Ala. (DTN) -- Ag tractor and combine sales are an arrow pointing down for the year. November sales for all categories of ag tractors and combines were down, compared to the year before. Yet-to-be-reported December tractor and combine sales will not change the outcome.

The November 2024 Ag Tractor and Combine report has gone negative -- all of it. November tractor sales were down 14.5% compared to November 2023. For the year, January through November, tractor sales were down 13.4% compared to the first 11 months of 2023.

The monthly tractor and combine report came from the Association of Equipment Manufacturers (AEM).

Combine sales in November were down 46.7% from November 2023. For this year, January through November, combines sales were down 24.1% compared to the same 11 months in 2023.

Leading the declines are smaller tractors, those under 100 hp. This isn't new news. This has been the case for all of 2024.

Sales of tractors, 40 hp and below, were down 10.4% in November, compared to November 2023. For the year, under 40 hp sales are down 14.5%, compared to January through November 2023.

Sales of tractors 40 to 100 hp in November were down 13.6% compared to November 2023. Now, they are down 10%, January to November this year, compared to the same months in 2023.

Commercial farm-size tractor sales are taking a pretty good shellacking in 2024.

Sales of two-wheel drive, 100 hp-plus tractors, from November 2023 to November 2024, were down 37%. For the 11 months of 2024 compared to the same period last year, sales of these tractors are down 16.4%.

While the raw numbers of units sold are not large, sales of big, 4-wheel drive tractors fell 40.8% in November over November 2023 (167 units sold in November 2024, compared to 282 in November 2023).

For the 11 months of 2024, 4-wheel drive tractor sales are down 1.6% compared to January through November last year.

Dan Miller can be reached at dan.miller@dtn.com

Follow him on social platform X @DMillerPF


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