SAAMA Press Release – November 2016
November 2016: Tractor and Combine Harvester Sales
Retail sales of agricultural equipment during November 2016 were as follows:
|Equipment Category||Unit Sales||Percentage change, %||Unit Sales||Percentage change, %|
|November – Month||November – Year-to-date|
|Tractors||453||452||0.2||5 506||6 329||-11.0|
November tractor sales of 453 units were one unit more than the 452 units sold in November last year. On a year-to-date basis tractor sales are now 13% down on those for the same period last year. November combine harvester sales of 12 units were, similar to the tractor sales, one unit more than the 11 units sold in November last year. On a year-to-date basis combine harvester sales are approximately 15% down on last year.
Good rains have fallen in many of the eastern parts of the country and some of the dams have started filling. This augers well for the dryland farmers as well as for those using irrigation on a supplementary basis. Some areas in the west of the country still need rain if they are going to produce satisfactory summer crops. After the worst drought in years, bankers are cautious about financing the purchase of agricultural equipment and farmers too are reluctant to go into debt until there is more certainty with their crops. Nevertheless, the underlying sentiment in the market is positive, if cautious.
Industry expectations for 2016 are now that overall tractor sales will be approximately 12.5% down on last year, or approximately 5 800 units.
Chairman: South African Agricultural Machinery Association
Contact: Mr. Lucas Groenewald (082) 804-8463 or Dr. Jim Rankin (011) 453-7249