SAAMA Press Release – January 2017
January 2017: Tractor and Combine Harvester Sales
Retail sales of agricultural equipment during January 2017 were as follows:
|Equipment Category||Unit Sales||Percentage change, %||Unit Sales||Percentage change, %|
|January – Month||January – Year-to-date|
January tractor sales of 478 units were almost 18% less than the 580 units sold in January last year. January combine harvester sales of 16 units were the same as the 16 units sold in January last year.
The lower tractor sales this year reflect a high degree of caution in the market. Many farmers do not yet have the cash flow, after last year’s drought, to finance the purchase of new tractors. In addition, general rain in February is needed to see the maize crop through to its full potential. Nevertheless, market sentiment is positive, as a consequence of the generally good summer rains thus far this season. The stronger rand is also a positive factor which is affecting market sentiment.
Industry expectations for 2017 are that overall tractor sales should be at least as good as those in 2016.
Chairman: South African Agricultural Machinery Association
Contact: Mr. Lucas Groenewald (082) 804-8463 or Dr. Jim Rankin (011) 453-7249