Agricultural machinery sales totaled 49,500 units through October, down 11.8% from the same period last year. In October, 4,900 units were sold, a 25.8% decline from 2022 and 17.7% below September.
Year-to-date, 25,400 machines were sold, a 24.2% decrease from 2022. October sales were 2,300 units, down 31.6% from October 2022 and 13.8% from September.
Agricultural machinery exports through October were 7,600 units, down 13.1% from 2022. October shipments totaled 733 units, a 37.4% decrease from the previous year but a 7% increase from September.
Construction machinery exports, with some models exclusively produced in Brazil and strong demand from the United States, increased 11.8% from January to October, totaling 14,100 units. October exports were 1,600 machines, up 15.6% from October 2022 and 21.2% from September.
Source: AutoData Read The Article
PSR Analysis: The reduction in Agricultural Machines Sales is attributed to weather instabilities and reduced commodity prices affecting farmer profitability. The construction machinery sector is facing challenges, following the postponing of government infrastructure projects. PSR
Fabio Ferraresi is Director, Business Development-South America, for Power Systems Research
