SAAMA Press Release – October 2016
October 2016: Tractor and Combine Harvester Sales
Retail sales of agricultural equipment during October 2015 were as follows:
|Equipment Category||Percentage change, %||Percentage change, %|
|October – Month||October – Year-to-date|
|Tractors||567||678||-16.4||5 053||5 877||-14.0|
October tractor sales of 567 units were significantly (16%) lower than the 678 units sold in October last year. On a year-to-date basis tractor sales are 14% down on those for the same period last year. October combine harvester sales of 18 units were 10% down on the 20 units sold in October last year. On a year-to-date basis combine harvester sales are approximately 16% down on last year.
Rain has fallen in some parts of the summer cropping regions and many farmers, particularly those in the east, have planted already. In other areas farmers are busy planting. Overall, farmers are being quite cautious about making decisions to purchase agricultural equipment. It is likely that this trend will continue in the short term. Banks, too are acting very conservatively in evaluating the financing of machinery purchases.
Industry expectations for 2016 have not changed recently and expectations are still that overall tractor sales will be down on last year, perhaps by between 15 to 20%, that is, between 5 250 and 5 600 units.
Chairman: South African Agricultural Machinery Association
Contact: Mr. Lucas Groenewald (082) 804-8463 or Dr. Jim Rankin (011) 453-7249