U.S. Tractor Sales Fall 12.2% in February, AEM Reports

U.S. tractor sales totaled 9,804 units in February 2026, down 12.2% year-over-year, according to the Association of Equipment Manufacturers. The decline extended the softer demand trend seen at the start of the year, with continued weakness in high-horsepower equipment.

The February data confirms a cautious investment environment across the U.S. agricultural machinery market, particularly in segments tied to large-scale farming operations in the Midwest and Corn Belt.

The data also reflects broader trends in the U.S. agricultural machinery market. For a deeper look at tractor segment dynamics, see our U.S. tractor market analysis.

U.S. tractor sales totaled 19,914 units in April 2026, down 11.3% year-over-year, according to the Association of Equipment Manufacturers. The decline was driven by continued weakness in high-horsepower equipment, while lower segments also posted softer results.

U.S. Tractor Sales Fall 11.3% in April, AEM Reports

U.S. self-propelled combine sales totaled 428 units in April 2026, up 3.4% year-over-year, according to the Association of Equipment Manufacturers. The increase contrasts with the broader slowdown in the tractor market, signaling more stable demand in the high-value harvesting segment.

U.S. Combine Sales Rise 3.4% in April, AEM Reports

Key Figures (February 2026 – U.S.)

Total farm tractors: 9,804 units (-12.2% YoY)
Under 40 HP: 6,014 units (-11.5%)
40–100 HP: 2,738 units (-9.5%)
100+ HP: 904 units (-25.8%)
4WD tractors: 148 units (+11.3%)

High-Horsepower Tractors Continue to Lag

The sharpest decline among 2WD categories was recorded in the 100+ HP segment, where sales fell 25.8% year-over-year.

Large equipment demand remains under pressure as producers continue to delay capital-intensive purchases amid tighter margins and cautious market sentiment.

4WD Segment Posts Growth

Unlike other categories, 4WD tractor sales increased 11.3% in February.

Although volumes remain relatively small compared to other segments, the gain suggests selective investment activity among some large-scale operations.

Year-to-Date Trend

For the January–February period, total U.S. tractor sales reached 18,575 units, down 8.7% compared to the same period in 2025.

The steepest year-to-date decline remains concentrated in the 100+ HP segment, which fell 25.9%.

Market Context

The February figures reinforce the more selective purchasing environment seen across the U.S. agricultural sector in early 2026.

Farmers continue to prioritize operational efficiency while remaining cautious about large machinery investments.

Conclusion

U.S. tractor sales declined 12.2% in February 2026, extending the weaker demand trend seen at the beginning of the year. High-horsepower equipment remained under the greatest pressure, while the 4WD segment showed modest resilience.