According to figures released by the AEA, the number of agricultural tractors (over 50hp) registered in December was 10% higher than in the same month of 2022.

However, at 693 machines, the monthly total was below the average for the time of year over the previous five years. That brought the total number of agricultural tractors (over 50hp) registered during 2023 to 11,816.

Agricultural economist at the AEA, Stephen Howarth, said of these figures that they were, "..2% more than the year before and were slightly above the average over recent years."

He continued, "With the exception of the pandemic affected year of 2020, the UK tractor market has been remarkably stable in recent years, with annual registrations falling between 11,580 and 12,040 in six of the last seven years."