SIGNIFICANT DIP SEEN IN TRACTOR SALES

According to figures released by the AEA the continuing impact of disruptions to global supply chains is still apparent in the number of agricultural tractors being registered in the UK.

In June, 938 machines were registered, 36% lower than in the same month last year.

Agricultural economist at the AEA, Stephen Howarth said, "June 2021's figure was unusually high but this year's total is towards the bottom end of the range seen for the same month in recent years, although the extended Bank Holiday weekend at the start of the month may have had some impact.

"The total number of machines registered during the first half of the year reached 6,420. That is 6% fewer than in January to June 2021, despite reports that there is no shortage of demand, indicating the scale of the supply chain challenges facing manufacturers.

"Registrations for the year to date were still 6% above the 5-year average, though."