January’s tractor sales of 445 units were significantly (28%) more than the 348 units sold in January last year. In January, there were five combine harvester sales, the same as in January 2020.
Market sentiment continues to be positive. Good crops in general, good commodity prices, and favourable rainfall in most areas are contributing factors. There are still quite a few variables which may affect summer crops. Consequently there is some caution in the industry.
Nevertheless prospects look good in the short to medium term. Initial estimates for tractor sales for the 2021 calendar year are quite encouraging, with sales likely to be up to 10% higher than in 2020. – Press release, South African Agricultural Machinery Association