U.S. tractor sales slipped a bit in February.
The Association of Equipment Manufacturers (AEM) says a total of 10,525 farm tractors were sold in the month down 0.8 percent from February of last year. Two-wheel-drive sales were only 0.2 percent lower at 10,070 units while four-wheel-drive sales were off 13 percent at 455 units.
The month actually saw a 2.4 percent increase in sales of less-than-40-horsepower two-wheel-drives but 100-plus-horsepower sales were down 5.5 percent.
For the first two months of the year, total tractor sales are 0.1 percent lower with two-wheel-drive sales up 0.3 percent while four-wheel-drive sales are down 9.3 percent compared to the first two months of 2013.
Self-propelled combine sales were down 22 percent in February with 414 machines sold, Year-to-date sales are 0.6 percent below a year ago.