Data from the Association of Equipment Manufacturers (AEM) shows that U.S. sales of Ag tractors and combines fell in November 2024 compared to the previous year.

U.S. sales of tractors in all classes dropped 14.5% compared to November 2023. U.S. sales of combines remain soft, showing a decline of 24% year-to-date in 2024.

“November’s sales of Ag tractors and combines follow the same pattern of the last few months softness in the market,” said AEM Senior Vice President Curt Blades. “This slowdown in sales can be traced back to high interest rates and uncertainty in the overall ag economy.”

The AEM Ag Tractor and Combine Report is provided monthly and is derived from AEM member companies through proprietary statistical reporting programs. The data is provided by AEM members and represents preliminary monthly retail sales of Ag equipment. For more information, visit: https://www.aem.org/market-share-statistics/us-ag-tractor-and-combine-reports.