July tractor sales of 444 units were significantly more (21%) than the 368 units sold in July last year. On a year-to-date basis, tractor sales are now only 3% down compared to the same period last year.
July combine harvester sales of eleven units were three units more than the eight units sold in July last year. On a year-to-date basis, combine harvester sales are now up by almost 8% compared to the same period last year.
Factors driving positive sales
Two factors are currently driving these positive sales. Firstly, potential purchasers are buying up existing stock before an inevitable price increase later in the year as a result of rand uncertainty. Secondly, good summer crops are currently being harvested and prospects for winter crops and the forthcoming summer cropping season look encouraging.
Market sentiment is positive and the upward trend in agricultural machinery sales is likely to continue, at least in the short term. Overall, estimates for the 2020 calendar year are now looking better, with sales likely at similar levels to those of 2019. – Press release, South African Agricultural Machinery Association