SAAMA Press Release – August 2017

 

August 2017:  Tractor and Combine Harvester Sales

 

Retail sales of agricultural equipment during August 2017 were as follows:

 

Equipment Category Unit Sales Percentage change, % Unit Sales Percentage change, %
August – Month August – Year-to-date
2017 2016 2017 2016
Tractors 583 460 26.7 4 123 3 863 6.7
Combine Harvesters 12 16 100.0 156 138 13.0

 

 

August tractor sales of 583 units were significantly (almost 27%) up on the 460 units sold in August last year.   On a year-to-date basis tractor sales are now almost 7% up on what they were this time last year..   August combine harvester sales of 12 units were double the six units sold in August last year.   Combine harvester sales for the year-to-date are now 13% up on last year.

With the record maize crop of 16.4 million tons now having been almost completely harvested and with agriculture having contributed significantly to the welcome growth in South Africa’s second quarter Gross Domestic Product per capita, overall sentiment in the market remains positive.   Farmers who know they will require equipment for the forthcoming summer-cropping season are taking the opportunity, if they are able, to buy lower-priced equipment which was imported when the rand was stronger.   Nevertheless, farmers are still going to have to evaluate their input costs very carefully this year and base their planting decisions on these estimations.

Expectations for 2017 now indicate that tractor sales could exceed those of last year and may even go above 6 000 units.

 

Lucas Groenewald
Chairman: South African Agricultural Machinery Association

 

Contact: Mr. Lucas Groenewald (082) 804-8463 or Dr. Jim Rankin (011) 453-7249