MACHINERY

Tractor market on fire

On track for 13,000 units delivered in 2017

Mark Saunders
Tractor market on fire

Market analyst, Alan Kirsten, Agriview, announced the strong sales result yesterday at the annual Tractor and Machinery Association conference, held in Melbourne.

There were 1611 new tractor delivered in June, up 36 per cent on the previous June and the highest number recorded for June since tractor sales data has been collated.

The year-to-date figures point to a strong result as well, with 6327 tractors delivered, 11 per cent above the first half of 2016.

Kirsten said the continued availability of cheap finance was a primary driver for the tractor market.

“Finance rates of close to zero per cent have made buying machinery attractive,” Kirsten said.

“I expect we will see tractors sales break the 13,000 mark by the end of the year.”

TMA executive director Gary Northover said the tractor market was travelling well, despite some seasonal concerns.

“June was a huge month across the board for tractor sales despite the cropping concerns in Western Australia,” Northover said.

About 140 people attended the TMA conference where the theme was “Advocacy, distribution and youth”. 

More details will be published in the August edition of the Farming Ahead magazine.

A growing series of reports, each focused on a key discussion point for the farming sector, brought to you by the Kondinin team.

A growing series of reports, each focused on a key discussion point for the farming sector, brought to you by the Kondinin team.

editions

Research Report: Field Days Wrap (November 2024)

Kondinin Group's research team has the low down on the latest gear that was on show at various field days held around the country in the past few months.

editions

Research Report: Trailing Sheep Feeders (October 2024)

Trailing sheep feeders are on the menu for Kondinin Group's October Research Report with nine popular models covered.

editions

Research Report: Livestock Management Software (September 2024)

Kondinin Group's September Research Report looks at a range of livestock management software platforms which can make life a lot easier when it comes to efficient sheep and cattle production.

editions

Research Report: Grain Storage (August 2024)

This month's Research Report from Kondinin Group looks at the benefits and challenges associated with ground level storage with a focus on growers who have done it successfully.