8,224 new tractors were registered in the UK in the first nine months of this year. This number is 15% lower than from January to September in 2023.
The lower nine-month figure was not helped by the poor September when just 899 units were registered. This is nearly 20% lower than the same month one year ago, reports the AEA, and the lowest September figure since 2015.
Source: AEA Economics Department
Figures compiled by the Peterborough-based organisation show that the number of tractors registered in the UK this year has been lower across most power bands. The exception is above 240hp, where nearly 15% more tractors have been recorded so far this year.
This segment accounts for 16% of tractors registered this year, up from 12% in the first nine months of 2023. At or below 240hp (but over 50hp), around a fifth fewer tractors were logged in January to September 2024 than in the same nine months last year.
At regional level, the biggest year-on-year declines during the first nine months of 2024 were in southern England. Percentage falls become progressively smaller as you move northwards across the country, with Scotland, northern England, North Wales and Northern Ireland all seeing smaller falls than regions further south.
Source: AEA Economics Department
The AEA suggests that this might reflect the relatively strong prices for livestock products this year, compared with crops, which have also been hardest hit by the adverse weather.
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