SAAMA Press Release – June 2019
June 2019: TRACTOR and COMBINE HARVESTER SALES
Retail sales of agricultural equipment during June 2019 were as follows:
|Month - July||Percentage Change %||Year-to-date - July||Percentage Change %|
|Tractors||373||579||-35.2||2 683||33 412||-21.4|
June tractor sales of 373 units were sharply (35%) down on the 576 units sold in June last year. Year-to-date sales for the first six months of 2019 are also significantly (21%) down on last year. On a rolling 12-month basis tractor sales are now 12% down on last year. June combine harvester sales of 20 units were five units down on the 25 units sold in June last year. Year-to-date combine harvester sales are now almost 11% down on last year. On a rolling 12-month basis combine harvester sales are now 1% down on last year.
Most of the summer crops in the east of the country have been harvested and some good yields are being reported. In the west, however, harvesting has been delayed and farmers are still unsure of their crop prospects at this stage. Market sentiment is quite negative at the moment on political matters, but it is probably the poor cash flow situation of farmers which is currently holding back sales of agricultural machinery.
The latest indications are that tractor sales in the 2019 calendar year will be at a level between 15 and 20% below the 6 700 units sold last year.
Chairman: South African Agricultural Machinery Association
Contact: Mr. Greg Cadman (084) 511-0647 or Dr. Jim Rankin (011) 453-7249