Strong tractor market despite dry weather

Tractor and Machinery Association release May sales


Machinery
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Tractor and Machinery Association release May sales

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DRY CONDITIONS across a large segment of Australia have not slowed overall tractor sales, according to the machinery industry’s peak body.

In his monthly report, Tractor and Machinery Association executive director, Garry Northover noted sales were solid and steady. 

“Tractor sales in May recorded another solid month, maintaining the march towards another record year.”

Mr Northover said overall, tractor sales were ahead eight per cent on last year and well past the 12,000 sales mark for the third year in a row.

“The strength of the market continues to be in the mid ranges,” he said. 

Tractor and Machinery Association, executive director, Gary Northover

Tractor and Machinery Association, executive director, Gary Northover

“With the 75 to 150 kilowatt (100 to 200 horsepower) range up 7.5 per cent on last month and now 23pc ahead on the year to date.”

Mr Northover said while the 30 to 75kW (40 to 100hp) segment remained solid, up 6pc on last year, it was not all growth.

“By contrast, sales of larger tractors in the above 150kW (200hp) range have once again slipped behind last year’s mark,” he said.

“Down a sizeable 26pc in May and now 8pc behind year to date. Meanwhile, the under 30kW (40hp) segment gave back last month’s gains, down 4pc and now sits in 2pc behind last year.”

Mr Northover said the drop in high horsepower tractors was not necessarily linked to current conditions. 

“Attempts to interpret the drivers of these results can be a bit difficult,” he said. 

“As larger tractors in particular, tend to be ordered against longer lead times.

“So decisions made late last year are significant in terms current deliveries.

“What we know is sales of hay tools are down, the dairy industry is steady, the cost of money is rising and weather patterns across the nation have varied significantly.”

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