SAAMA PRESS RELEASE – JULY 2024
Month – July 2024 |
Percentage change |
Year-to-date |
Percentage change |
|||
2024 |
2023 |
2024 |
2023 |
|||
Tractors |
563 |
660 |
-14.7 |
3 499 |
4 715 |
-25.8 |
Combine Harvesters |
8 |
32 |
-75.0 |
132 |
359 |
-63.2 |
July tractor sales of 563 units were approximately 15% less than the 660 units sold in July last year. Year-to-date tractor sales are now almost 26% down on last year. Eight combine harvesters were sold in July, 24 less than the 32 units sold in July last year. On a year-to-date basis, combine harvester sales are now 63% down on last year.
With most farmers having finished harvesting their summer crops, indications are that crop yield and quality suffered, particularly in the west where late season rains were lacking. Despite this, the market is positive, with farmers preparing for the forthcoming summer cropping season. The market is now normalising at the much lower levels than were experienced in the past few years. Industry expectations for the 2024 calendar year are that tractor sales will be between 20 and 25% down on last year.
Willie Human
Chairman: South African Agricultural Machinery Association
Contact: Willie Human (083) 954-7232 or Dr. Jim Rankin (011) 453-7249