Congressional negotiators have reached a bipartisan agreement on a nearly $2 trillion emergency relief package on Wednesday, in response to the COVID-19 pandemic. AEM staff has provided an initial overview of key appropriations provisions that impact equipment manufacturers.
Overall, September was a solid month for retail sales of tractors and combines in the U.S. and Canada, according to the latest data from the Assn. of Equipment Manufacturers (AEM).
According to the latest data from the Assn. of Equipment Manufacturers, U.S. sales of under 40 HP 2WD tractors increased 2.1%, while sales of 40-100 HP tractors decreased 1.4%. For Canada, sales of under 40 HP 2WD tractors increased 9.1%, while sales for 40-100 HP decreased 4.2%.
Progress toward a U.S.-China trade deal during the G-20 Summit in Osaka, Japan, raised hopes by equipment manufacturers for a prospective deal to end the ongoing trade war.
Under-40 horsepower tractor sales in the U.S. experienced a small .7% growth, and 40-100 horsepower tractor sales grew 2.9%. In Canada, under-40 horsepower and 100-plus-horsepower 2-wheel-drive tractors were the only categories that experienced growth.
The Association of Equipment Manufacturers (AEM) has elected Brett Davis, Brand Leader, New Holland North America of CNH Industrial LLC, to the AEM Ag Sector Board.
With help from the Equipment Dealers Assn. (EDA) and Farm Equipment Manufacturers Assn. (FEMA), 36 educators from 12 states were awarded partial scholarships for certification in equipment courses starting this summer.
On a year-over-year basis, sales of compact tractors were up 16.6%, according to the Assn. of Equipment Manufacturers. Year-to-date sales for compacts were up 12.5%.
Total U.S. February 2-wheel-drive tractor sales grew 17.3% compared to February 2018, led by under-40 horsepower machines with a 24.6% gain and a 7.1% gain for 40-100 horsepower 2-wheel-drive tractors.
Overall U.S. sales of 2WD tractors for December year-to-date grew 6.8%; under 40 horsepower tractors gained 9.2%; 40-100 horsepower tractors increased 1.5%; and 100-plus horsepower tractors grew 5.5%.
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Virginia Beach-based STIHL Inc., produces a full line of high-quality, handheld outdoor power equipment including blowers, trimmers, brushcutters, and multi-task tools, as well as the number one selling brand of chainsaws worldwide. STIHL Inc. manufactures over 260 model variations of handheld outdoor power equipment for sale in the U.S. and around the world.