New data from the Association of Equipment Manufacturers shows tractor and combine sales declined in March for the first time since July 2021.
Senior Vice President Curt Blades tells Brownfield total US tractor sales fell 21% and combine sales fell 10% from March of last year.
“We are still well above the five-year average, but we are comparing against numbers that were very high at this time last year.”
He says another big factor is a 10% decline in inventory led by a broad range of supply chain issues including labor shortages in the transportation sector, higher prices for steel, and trouble accessing parts like chips and wiring harnesses made in other countries.
