SAAMA Press Release – June 2017

June 2017:  Tractor and Combine Harvester Sales

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

 

 
Month of June
 
Percentage change %
   Year-to-date
 
Percentage change %
 
2017
2016
 
2017
2016
 
Tractors
479
385
24.4
3 038
2 952
2.9
Combine Harversters
20
19
15.3
131
118
11.0

June tractor sales of 479 units were significantly (24%) up on the 385 units sold in June last year.   On a year-to-date basis tractor sales are now almost 3% up on what they were this time last year..   June combine harvester sales of 20 units were one unit more than the 19 units sold in June last year.   Combine harvester sales for the year-to-date are now 11% up on last year.

Overall sentiment in the market is currently quite positive.   As farmers harvest their crops, they are better able to estimate their production and, although crop prices are depressed because of the record yields, they are better able to make considered decisions on buying equipment.   Rand volatility is also affecting farmers’ buying decisions and, where possible, purchases are taking place while there is lower-priced stock which was brought in when the rand was stronger than at present.

Expectations for 2017 are that overall tractor sales should be between 5 700 and 6 000 units, or at least as good as they were in 2016.

Lucas Groenewald
Chairman: South African Agricultural Machinery Association

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