May 2021 U.S. Farm Tractor Sales Show Small Blip, Canada Growth Remains Strong, and (Microchip Shortage Is Creating Supply Chain Chaos)
A slowdown in the sales of sub-40 horsepower units pulls total U.S. total farm tractor sales negative
, while all other segments and Canada continue strong growth according to the latest data from the Association of Equipment Manufacturers (AEM).
U.S. total farm tractor sales fell 3.9% in May compared to 2020
, marking the first overall negative result in a year, while U.S. self-propelled combine sales climbed a healthy 33.2%. Only the sub-40 horsepower segment saw a decline in year-over-year sales, falling 8.9%
, but that was enough to bring a negative result to total farm tractor unit sales. All other segments were positive, with the biggest gains in the articulated 4WD segment, up 62.2% to 253 units sold. The midsize 40-100 horsepower units were up 6.7%, and the 100+ horsepower 2WD tractors up 28.6%. Year to date farm tractor sales remain up 25.8% and combines up 13.1%.
For Canada, May monthly tractor and combine sales were positive across all segments, with the biggest growth in combine harvesters, up 165.9% to 109 units sold, while total farm tractor sales were up 22.7% to 3,433 units sold.
Tractor microchip shortages are now causing massive supply chain delays and will likely cause equipment and parts to disappear from dealer lots as well as cause a massive increase in pricing.
Stay tuned for more.
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