SHARP UPTURN IN TRACTOR SALES
Seen in October
 
Upturn in tractor sales seen in October

According to figures released by the AEA, the number of agricultural tractors registered in the UK in October was up by more than a quarter, compared with the same month last year, at 926 machines.

 

Agricultural economist at the association, Stephen Howarth, commented, "That is the fastest year-on-year rise since August 2021 and the monthly total is the largest for the time of year since 2016."

 

October was the third month in a row when registrations were above the seasonal average over the previous five years, with 10% more tractors registered this year than in a typical October.

 

Stephen continued, "It remains to be seen whether the upturn is just a short-term one or if it indicates that supply chain disruptions are beginning to ease. These have meant 3% fewer tractors have been registered so far this year than in January to October 2021, despite demand remaining strong."

 

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