SAAMA Press Release – February 2017

 

February 2017:  Tractor and Combine Harvester Sales

 

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

 

 

 

Equipment Category Unit Sales Percentage change, % Unit Sales Percentage change, %
February – Month February – Year-to-date
2017 2016 2017 2016
Tractors 675 731 -7.7 1 153 1 311 -12.1
Combine Harvesters 19 22 -13.60 35 38 -7.9

 

February tractor sales of 675 units were almost 8% less than the 731 units sold in February last year.   On a year-to-date basis tractor sales are now approximately 12% down on last year.   February combine harvester sales of 19 units were three units down on the 22 units sold in February last year.   Combine harvester sales for the year-to-date are approximately 8% down on last year.

The current lower levels of sales reflect a high degree of caution in the market.   The current market situation is such that farmers can hold back for a while on their buying decisions.   The stronger rand means that equipment prices have stabilised and good rains in most areas mean that the majority of farmers will harvest significantly better crops than last year.   The excellent summer crop expectations have, of course, depressed crop prices, though.

The industry expects short-term sales to continue at the current lower levels, improving later when farmers start harvesting.   Expectations for 2017 are that overall tractor sales should be at least as good as those in 2016.

 

 

Lucas Groenewald
Chairman: South African Agricultural Machinery Association

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