Tractor sales down 23% in October, but up on year

Tractor sales slumped by almost a quarter during October 2017, compared with a year ago, according to figures from the Agricultural Engineers Association (AEA).

The AEA says the number of new tractor registrations during October 2017 was 23.4% lower than during October 2016.

However, Stephen Howarth, AEA agricultural economist, pointed out this fall had been anticipated.

See also: Tractor sales up 27% during first quarter of 2017

“Twelve months ago, registrations were inflated due to a number of end-of-series promotions, so this year’s figures follow a more normal seasonal pattern,” he said.

“Indeed, the figure of 846 for October 2017 remained above the corresponding month in 2015.”

Total registrations for the year to date are actually 4.4% up on the equivalent period in 2016 and are the highest, at this point, since 2014.

The AEA said it expected to see a return to year-on-year growth in 2017, as last year’s sales dropped off in November and October after the promotional period came to an end.

Between January and October 2017 there were 9,904 tractors registered with a power of more than 50hp.

A total of 10,842 tractors were sold across the whole of 2015 and in 2016 the figure was 10,602.

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