March tractor registrations hold steady

March tractor registrations hold steady

Latest figures from the Agricultural Engineers Association (AEA) show that registrations of tractors above 50hp are broadly in line with typical seasonal trends. The figure for March of 1763 units represents a major increase over numbers for February (575) and January (477) and is only 4.2% down from the same month last year.

Over the first quarter of 2020, a total of 2815 tractors have been registered, compared with 3050 units in the corresponding period last year, equating to a decrease of 7.7%.

By and large, the widespread delivery delays expected as a result of the Coronavirus outbreak have not materialised in the numbers that some feared.

Overall, however, the combined effects in 2019 of Brexit-related uncertainty and the wet autumn and winter, now exacerbated by the pandemic and its yet-to-be-quantified effects on manufacturing and distribution, continue to exert downward pressure on new tractor sales.

For more details, head over to the AEA website.

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