SHARP UPTURN IN TRACTOR SALES

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."