Deere mpany : Tractor & Combine Industry Unit Sales

Total Farm Wheel Tractors - U.S. and Canada - Industry

Retail Sales by Month (units)	2011	2012	2013	2014	2015	2016	2017	2018	2019	2020
November	10,676	11,053	12,272	12,726	12,284	11,223	12,177	13,542	13,484	13,687
December	16,375	17,656	19,759	20,269	19,806	18,213	19,069	19,698	20,636	20,767
January	9,958	10,265	12,431	12,856	13,195	12,422	12,206	12,876	13,316	13,900
February	9,744	10,402	12,070	11,947	10,861	11,207	12,805	11,809	13,652	12,674
March	17,322	16,597	17,291	19,028	17,540	19,726	21,146	21,898	21,921	18,535
April	21,019	23,616	24,668	24,705	26,669	26,178	28,095	28,414	31,519	35,079
May	20,728	23,002	27,463	26,817	23,979	25,011	27,262	31,424	31,893	36,587
June	20,567	21,718	23,593	24,886	24,912	24,580	26,214	29,528	28,258	37,712
July	14,945	16,772	19,877	20,765	24,165	20,861	21,036	23,785	23,539	31,670
August	14,087	15,698	17,684	18,084	16,824	18,064	18,787	21,266	21,868	24,586
September	15,893	16,428	17,215	21,228	18,447	20,070	18,462	18,702	22,109	27,087
October	19,183	23,951	23,247	23,682	23,475	23,941	26,952	28,457	27,485	32,377
Total	190,497	207,158	227,570	236,993	232,157	231,496	244,211	261,399	269,680	304,661
Inventory by Month (units)
November	91,223	95,069	109,338	118,481	121,289	134,117	133,402	131,169	144,587	154,865
December	92,386	94,810	108,412	115,252	121,485	138,456	133,754	136,348	148,203	153,846
January	94,110	97,794	111,550	116,996	124,488	142,850	135,288	141,707	154,961	159,506
February	98,689	103,365	116,511	121,150	130,264	151,181	136,945	150,632	162,738	165,908
March	101,553	107,451	117,291	122,777	135,059	153,342	138,280	153,868	169,328	170,604
April	98,449	104,861	115,410	121,011	131,933	149,203	129,983	152,607	160,499	155,603
May	93,485	103,918	110,907	116,873	130,555	144,583	127,833	145,418	151,293	135,444
June	89,579	100,957	106,852	112,849	127,294	138,911	124,545	142,411	147,479	118,795
July	90,337	101,724	105,114	113,212	121,961	136,369	124,948	142,817	148,239	106,348
August	91,763	104,067	107,215	115,407	124,578	135,490	125,379	141,195	150,829	103,422
September	91,104	106,197	110,376	116,315	126,306	133,234	123,605	138,411	154,561	98,283
October	90,444	104,006	111,338	116,115	126,092	129,140	123,881	135,569	150,497	90,933
Inventory to Trailing-12-Month Sales Ratio - Calculated
November	49	50	52	52	51	58	57	53	55	57
December	49	49	52	50	51	60	57	55	57	57
January	50	51	52	51	53	62	58	57	59	59
February	52	54	54	53	55	66	58	61	62	62
March	53	56	55	53	58	66	59	62	64	64
April	52	54	53	52	56	65	55	62	60	58
May	50	53	50	51	56	62	53	58	56	49
June	47	51	48	49	55	60	51	56	55	42
July	48	51	47	49	52	60	52	56	56	36
August	49	52	47	50	53	59	52	54	56	35
September	48	52	48	49	54	58	51	53	57	33
October	47	50	49	49	54	56	51	52	56	30

Source: Association of Equipment Manufacturers;March 2021

Total Farm Wheel Tractors-1

Tractors Under 40 Horsepower - U.S. and Canada - Industry

Retail Sales by Month (units)	2011	2012	2013	2014	2015	2016	2017	2018	2019	2020
November	4,963	4,925	5,186	5,642	5,889	6,073	7,366	8,172	8,473	8,679
December	6,707	7,256	8,228	7,603	8,093	8,650	10,284	10,881	11,571	12,218
January	3,694	3,899	4,702	4,753	5,367	5,792	6,697	7,125	7,951	8,324
February	4,462	4,355	5,110	5,301	5,284	6,334	7,862	7,147	8,965	8,111
March	8,948	8,592	8,240	10,109	9,639	12,329	13,673	14,431	14,606	12,242
April	11,408	13,343	13,901	14,189	16,466	17,449	19,356	19,441	22,722	26,249
May	12,634	13,535	17,187	16,828	15,961	17,004	19,428	23,032	23,369	27,923
June	12,122	12,553	13,457	15,241	15,504	15,938	17,920	20,671	20,024	27,805
July	7,688	8,632	10,734	11,235	14,194	13,127	13,560	15,842	15,777	22,206
August	7,336	8,147	9,352	9,704	9,696	11,478	11,941	14,036	14,446	16,510
September	7,903	8,002	8,593	11,313	10,794	12,550	11,483	11,811	13,977	17,828
October	7,903	9,918	9,637	10,950	12,601	13,499	15,059	16,650	16,021	19,850
Total	95,768	103,157	114,327	122,868	129,488	140,223	154,629	169,239	177,902	207,945
Inventory by Month (units)
November	55,205	57,932	66,213	67,922	67,691	79,934	80,289	84,909	92,950	103,079
December	58,567	59,591	67,212	67,863	69,876	82,763	81,471	90,166	96,606	103,197
January	60,323	62,019	69,198	69,111	73,716	86,639	83,249	95,198	102,599	107,487
February	63,779	65,587	72,461	71,514	78,177	92,083	84,617	101,479	108,169	112,298
March	65,201	68,630	72,800	71,249	81,662	93,743	84,108	103,354	113,602	114,401
April	62,965	66,441	70,524	69,986	80,348	90,419	80,572	102,049	104,886	101,757
May	58,816	65,048	65,247	66,364	78,880	86,484	79,445	94,678	97,263	85,267
June	55,248	62,170	62,097	62,025	76,286	82,288	77,436	92,274	95,055	72,001
July	55,067	61,305	59,174	61,829	72,845	81,064	77,932	92,063	96,853	62,238
August	55,129	61,627	58,941	62,466	74,247	79,846	77,378	90,302	98,923	60,191
September	53,783	62,655	60,787	61,811	74,844	78,456	75,608	87,522	100,345	57,125
October	54,911	62,257	63,364	63,713	75,042	77,618	78,973	86,634	100,036	54,474
Inventory to Trailing-12-Month Sales Ratio - Calculated
November	59	61	64	59	55	62	57	55	55	58
December	62	62	64	59	57	64	57	58	57	58
January	64	64	66	61	59	66	58	61	60	60
February	67	68	68	63	63	70	58	65	63	63
March	68	71	69	61	66	70	57	66	66	65
April	67	68	66	60	64	67	54	65	59	57
May	63	66	59	57	63	63	53	59	55	46
June	58	63	56	53	61	60	51	57	54	38
July	58	61	52	52	57	60	51	56	55	31
August	58	61	52	53	58	58	50	54	56	30
September	57	62	53	51	59	56	49	52	56	28
October	57	60	55	52	58	55	51	51	56	26

Source: Association of Equipment Manufacturers;March 2021

Tractors Under 40 Horsepower-2

Utility Tractors, 40 - 100 Horsepower - U.S. and Canada - Industry

Retail Sales by Month (units)	2011	2012	2013	2014	2015	2016	2017	2018	2019	2020
November	3,350	3,388	3,981	3,795	4,155	3,769	3,702	4,227	3,798	3,897
December	5,519	6,076	6,293	6,787	7,470	6,480	6,396	6,438	6,647	6,097
January	3,462	3,678	4,093	4,169	4,495	4,406	3,970	4,130	3,788	3,890
February	3,058	3,528	3,703	3,648	3,278	3,466	3,406	3,313	3,466	3,284
March	4,948	4,559	4,874	5,110	4,867	5,234	5,350	5,273	5,165	4,366
April	5,409	6,017	5,616	6,015	6,635	5,855	5,882	6,251	6,005	6,398
May	5,107	5,965	6,239	6,587	5,759	5,805	5,985	6,247	6,304	6,890
June	5,954	6,099	6,341	6,504	6,699	6,429	6,517	6,766	6,375	8,096
July	4,726	4,834	5,484	5,935	7,234	5,707	5,901	5,837	5,874	7,536
August	4,186	4,514	4,905	5,449	5,192	5,170	5,462	5,607	5,602	6,352
September	4,564	4,533	4,695	6,170	5,471	5,561	5,304	4,894	5,883	6,797
October	5,920	6,889	6,454	7,084	7,093	7,115	7,448	7,772	7,561	8,255
Total	56,203	60,080	62,678	67,253	68,348	64,997	65,323	66,755	66,468	71,858
Inventory by Month (units)
November	26,247	27,427	29,816	33,406	37,110	39,914	39,984	35,100	39,424	39,813
December	24,789	26,516	29,112	32,028	35,550	41,374	39,349	35,080	39,160	38,917
January	25,448	27,274	30,156	33,240	35,404	42,364	39,183	35,476	39,911	40,659
February	26,494	28,654	30,831	34,326	36,675	44,711	39,537	37,637	41,608	41,971
March	27,426	29,104	30,866	35,256	37,880	45,149	41,681	38,556	42,206	44,204
April	26,913	28,708	30,502	35,615	37,047	44,521	37,733	38,808	42,157	42,447
May	26,577	28,282	30,394	34,755	37,099	43,942	37,047	38,846	40,822	39,643
June	25,687	27,729	29,271	34,004	36,584	42,698	35,823	38,049	39,129	36,417
July	25,707	28,120	29,628	34,393	35,263	41,628	35,816	38,569	38,341	33,498
August	26,311	28,887	30,907	35,692	36,442	41,693	36,424	38,505	39,257	32,081
September	26,440	29,564	31,714	35,926	37,545	41,011	35,880	38,147	41,280	30,188
October	25,840	29,246	31,876	35,965	37,886	39,096	34,502	37,327	39,441	27,608
Inventory to Trailing-12-Month Sales Ratio - Calculated
November	49	49	49	53	55	59	62	53	59	60
December	45	47	48	51	52	62	61	53	59	59
January	46	48	49	53	52	63	61	54	60	61
February	48	50	50	54	54	67	61	57	63	64
March	49	51	50	56	56	67	65	59	64	68
April	48	50	50	56	54	67	59	59	64	65
May	48	48	49	54	55	66	57	58	62	60
June	46	47	47	53	54	64	55	57	60	54
July	47	48	47	53	51	64	55	58	58	48
August	48	49	49	55	53	64	56	58	60	46
September	48	50	50	54	55	63	55	57	62	42
October	46	49	51	53	55	60	53	56	59	38

Source: Association of Equipment Manufacturers;March 2021

Utility Tractors-3

Two-Wheel-Drive Tractors 100 Horsepower & Over - U.S. and Canada - Industry

Retail Sales by Month (units)	2011	2012	2013	2014	2015	2016	2017	2018	2019	2020
November	1,970	2,259	2,473	2,646	1,886	1,159	904	956	970	967
December	3,396	3,666	4,338	4,919	3,731	2,567	2,064	1,968	2,092	2,077
January	2,296	2,330	2,958	3,303	3,113	1,981	1,392	1,426	1,327	1,506
February	1,763	2,034	2,588	2,423	1,953	1,185	1,339	1,128	1,033	1,069
March	2,802	2,703	3,475	3,154	2,535	1,905	1,785	1,877	1,831	1,665
April	3,320	3,369	4,300	3,756	3,138	2,539	2,416	2,336	2,356	2,044
May	2,399	2,892	3,483	2,928	1,999	1,968	1,595	1,871	1,998	1,568
June	2,065	2,567	3,256	2,733	2,409	1,966	1,586	1,848	1,670	1,659
July	2,074	2,755	3,168	3,206	2,469	1,875	1,439	1,868	1,668	1,736
August	2,131	2,452	2,840	2,562	1,769	1,314	1,214	1,445	1,612	1,497
September	2,727	3,120	3,356	3,259	1,933	1,759	1,409	1,633	1,910	2,051
October	4,235	5,645	5,931	4,918	3,266	2,716	3,737	3,400	3,336	3,589
Total	31,178	35,792	42,166	39,807	30,201	22,934	20,880	21,756	21,803	21,428
Inventory by Month (units)
November	8,417	8,469	11,230	14,841	14,836	12,952	12,070	10,183	11,039	10,921
December	7,827	7,668	10,335	13,312	14,633	13,130	11,949	10,180	11,095	10,710
January	7,214	7,279	10,393	12,614	13,929	12,718	11,832	10,128	11,159	10,405
February	7,195	7,764	11,369	13,261	13,976	13,290	11,686	10,581	11,597	10,627
March	7,713	8,199	11,694	14,051	14,171	13,319	11,419	10,995	12,081	10,888
April	7,518	8,240	12,501	13,290	13,185	13,148	10,698	10,817	12,118	10,444
May	6,970	8,929	13,198	13,496	13,176	13,005	10,356	10,897	11,956	9,687
June	7,370	9,393	13,326	14,523	13,008	12,920	10,362	10,988	11,894	9,439
July	7,969	10,349	14,135	14,828	12,499	12,757	10,199	11,022	11,648	9,615
August	8,583	11,305	15,060	15,053	12,546	12,953	10,532	11,166	11,255	9,994
September	9,075	11,580	15,368	16,179	12,543	12,664	11,013	11,426	11,646	9,803
October	8,302	10,572	14,004	14,635	11,898	11,413	9,544	10,428	10,039	8,035
Inventory to Trailing-12-Month Sales Ratio - Calculated
November	27	27	31	35	38	44	53	49	51	50
December	25	24	28	31	39	46	54	49	51	49
January	23	23	28	29	37	47	55	49	51	47
February	23	24	30	31	38	50	54	51	53	48
March	25	26	30	33	39	52	53	53	56	50
April	25	26	32	31	37	52	50	52	56	49
May	23	27	33	32	38	52	49	52	55	46
June	24	28	33	35	37	52	50	52	55	45
July	26	31	34	36	37	53	50	51	54	45
August	28	33	36	37	38	55	52	51	52	48
September	29	34	37	40	39	54	55	52	53	46
October	27	30	33	37	39	50	46	48	46	37

Source: Association of Equipment Manufacturers;March 2021

Two-Wheel-DriveTractors-4

Four-Wheel-Drive Tractors - U.S. and Canada - Industry

Retail Sales by Month (units)	2011	2012	2013	2014	2015	2016	2017	2018	2019	2020
November	393	481	632	643	354	222	205	187	243	144
December	753	658	900	960	512	516	325	411	326	375
January	506	358	678	631	220	243	147	195	250	180
February	461	485	669	575	346	222	198	221	188	210
March	624	743	702	655	499	258	338	317	319	262
April	882	887	851	745	430	335	441	386	436	388
May	588	610	554	474	260	234	254	274	222	206
June	426	499	539	408	300	247	191	243	189	152
July	457	551	491	389	268	152	136	238	220	192
August	434	585	587	369	167	102	170	178	208	227
September	699	773	571	486	249	200	266	364	339	411
October	1,125	1,499	1,225	730	515	611	708	635	567	683
Total	7,348	8,129	8,399	7,065	4,120	3,342	3,379	3,649	3,507	3,430
Inventory by Month (units)
November	1,354	1,241	2,079	2,312	1,652	1,317	1,059	977	1,174	1,052
December	1,203	1,035	1,753	2,049	1,426	1,189	985	922	1,342	1,022
January	1,125	1,222	1,803	2,031	1,439	1,129	1,024	905	1,292	955
February	1,221	1,360	1,850	2,049	1,436	1,097	1,105	935	1,364	1,012
March	1,213	1,518	1,931	2,221	1,346	1,131	1,072	963	1,439	1,111
April	1,053	1,472	1,883	2,120	1,353	1,115	980	933	1,338	955
May	1,122	1,659	2,068	2,258	1,400	1,152	985	997	1,252	847
June	1,274	1,665	2,158	2,297	1,416	1,005	924	1,100	1,401	938
July	1,594	1,950	2,177	2,162	1,354	920	1,001	1,163	1,397	997
August	1,740	2,248	2,307	2,196	1,343	998	1,045	1,222	1,394	1,156
September	1,806	2,398	2,507	2,399	1,374	1,103	1,104	1,316	1,290	1,167
October	1,391	1,931	2,094	1,802	1,266	1,013	862	1,180	981	816
Inventory to Trailing-12-Month Sales Ratio - Calculated
November	20	17	25	27	24	33	32	29	32	31
December	17	14	21	24	23	30	31	27	37	30
January	15	17	20	24	24	28	34	26	35	28
February	17	19	20	25	25	28	37	27	37	30
March	17	21	21	27	24	31	35	28	39	33
April	15	20	21	26	26	31	31	27	36	29
May	15	23	23	28	28	33	31	29	34	26
June	18	22	24	29	29	29	29	31	39	29
July	22	26	25	27	28	27	32	32	39	31
August	24	29	26	29	29	30	32	34	39	36
September	25	31	29	32	32	34	34	35	36	35
October	19	24	25	26	31	30	26	32	28	24

Source: Association of Equipment Manufacturers;March 2021

Four-Wheel-DriveTractors-5