SAAMA Press release – May 2023

Month – May
Percentage change
Year-to-date
Percentage change
2023
 2022
    %
2023
 2022
    %
Tractors
655
752
-12.9
3 125
3 306
-5.5
Combine Harvesters
65
53
22.6
263
163
61.3

May tractor sales of 655 units were ninety-seven units less than the 752 units sold in May last year.   On a year-to-date basis tractor sales are now approximately 5% down on last year.   Sixty-five combine harvesters were sold in May, twelve units more than the 53 units sold in May last year.   On a year-to-date basis combine harvester sales are now 61% more than last year.

Tractor sales, particularly of smaller to mid-range units have slowed in recent months.   Farmers are showing caution, with more factors affecting their decision making.   In addition to crop yields and quality, commodity prices and rand exchange rates, El Niño and load-shedding now need to be taken into consideration when making buying decisions.   Forecasts for tractor sales for the 2023 calendar year are now that they will be between 10 and 15% down on last year.

Combine harvester sales are still very buoyant and it is likely that sales for the 2023 calendar year will be between 10 and 20% up on last year.

Tallie Giessing
Chairman: South African Agricultural Machinery Association

Contact: Tallie Giessing (082) 874-0449 or Dr. Jim Rankin (011) 453-7249