TRACTOR MARKET REMAINS SUBDUED

October down on previous year
TRACTOR MARKET REMAINS SUBDUED

According to figures released by the AEA, UK agricultural tractor registrations (over 50hp) fell back below last year's level in October.

At 671 machines, the monthly total was 100 lower than in October 2019, a decline of 13% in percentage terms.

Stephen Howarth, agricultural economist at the AEA said of the decline, "That was a smaller fall than those recorded during between April and July but suggests the market remains subdued, with the uncertain climate perhaps affecting farmers' willingness to invest."

Stephen went on to say, "Registrations for the year to date are 22% lower than by the same point last year and the annual total could fall below 10,000 machines for the first time since 1998."

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