Tractor sales down 20% in April

UK tractor registrations fell by more than 20% in April 2016 compared with the same month the year before, according to latest figures from the Agricultural Engineers Association (AEA).

Tractor sales fell from 1,292 in April 2015 to 1,025 in April 2016. Since the start of the year there has been a 13.2% drop in sales.

This means 518 fewer tractors over 50hp were registered in the first four months of 2016 than the same period in 2015.

See also: Tractor sales tumble 15% in 2015

Graham Stannard, assistant economist at the AEA, said there was no significant regional differences.

“The general picture is that orders are slow at the moment. The obvious reason is lower incomes on both dairy and arable farms, but also added to that is uncertainty over Brexit. Everything is contributing to people being slow to purchase.”

According to AEA data, there were 12,433 tractors over 50hp sold in 2014 and 10,598 sold in 2015.

Between 2010 and 2013 the number of tractors sold fluctuated between 12,500 and 14,000 units.

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