According to Federunacoma, The scenario is radically different in North America, where the agro-mechanical sector recorded a double-digit drop. Between January and May, tractor registrations in the United States dropped by 12.2% to just under 117,000 units, with a negative balance of more than 14,000 units compared to the same period in 2022. The market is also slowing down in neighbouring Canada, where sales dropped 14.1% to around 12,000 units. In the case of the two North American countries, the downturn in the segment comes after a prolonged expansionary phase that had taken it to all-time highs. The phenomenon was most evident in the United States, which experienced a five-year period of uninterrupted growth between 2016 and 2021, culminating in 2021 with a record of around 318,000 cars sold. The contraction seen in 2022 (-14.8%) and in this first part of 2023 can therefore be considered as a "pause for thought", all the more so as US demand still expresses high volumes, significantly higher than those seen in the pre-pandemic years.

Source: FEDERUNACOMA - MONDO MACCHINA