Tractor Mike's video: Most Tractors Sold - Fewest in Inventory a Mess for Buyers

The final tractor sales numbers for 2021 are in and it was an amazing year. In the U.S. last year there were 215,288 tractors sold under 40 horsepower. That's the most ever, and up 8.9% from 2020's record pace. That's all according to data from the Association of Equipment Manufacturer's, the organization that tracks sales figures. At the same time, inventory levels are low. On the first day of January of this year, the U.S. had an inventory of 49,288 tractors. That's down from 55,331 the prior year and 94,482 1/1/20. So, the demand is at an all-time high and supplies are lower than they should be. What happened? The number of people moving to small acreages in the country was brisk already, but has accelerated, and the small tractor market continued to grow last year. Covid caused a lot of people to abandon city living and move to the wide open spaces, because they could work remotely or retire. They were out in record numbers shopping for small tractors to use on their estates at the same time the supply chain interruptions caused by the pandemic were slowing production of new machines That leaves buyers in a lurch and there's currently no end in sight. Barring a sudden drop in demand brought on by inflation fears and higher prices, or a sudden influx of inventory, customers are going to be experiencing difficulties finding the exact tractor to meet their needs this year and will have limited abilities to negotiate. It's a seller's market. Here are AEM's numbers of tractors and combines sold last year in the U.S., including all brands: Under 40 hp: 215,288 40-100 hp: 75,311 100+ hp: 23,762 Articulated: 3,536 Combines: 6,272 Here are sales totals for under 40 hp tractors going back to 2018: 2018: 155,269 2019: 163,298 2020: 197,772 2021: 215,288 Bottom line is, demand is high, inventory is low, so it's a tough time to be a tractor buyer. Industry experts I talk to think it'll be a while before this trend changes. LINKS YOU NEED TO KNOW ABOUT... The Tractor Fun Store: https://asktractormike.com/products-for-sale/ Support the Tractor Mike Channel: https://www.patreon.com/TractorMike Visit the Tractor Mike website: http://asktractormike.com/ Visit Facebook Page: https://www.facebook.com/Ask-Tractor-Mike-312112962245304/ Copyright 2022 Tractor Mike LLC