Tractor sales down 14% but horsepower up
AVERAGE tractor horsepower continues to rise, despite a steady decline in units sold, says the Agricultural Engineers Association.
Average power now stands at 104.1hp, an increase of 2.3% on last year and reveals farmers are buying fewer but larger tractors.
In the first six months of 1997, tractor registrations reflected this buying trend, with only 8082 units sold – a drop of 14.1% on the same period last year.
Economist Chris Evans reckons this year could be more of a "normal" year, as past annual markets have averaged out below 17,000 units. "The high volume sales of 95 and 96 could never be maintained and we expect this year to be more of a return to how the market used to be," explains Mr Evans.
"Though it could strengthen with the R-reg prefix due in Aug."n