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MARKET NEWS<br />
Left: Strength in the horticultural space is boosting<br />
demand for tractors, such as this 95hp Massey Ferguson<br />
3709F<br />
small tractors shine<br />
Sales of tractors were strong in July as buyers around<br />
the country got back to work<br />
Gary Northover is executive<br />
director of the Tractor & <strong>Machinery</strong><br />
Association of Australia (TMA).<br />
He can be contacted on<br />
(03) 9813 8011 or<br />
at gary@tma.asn.au<br />
The ongoing impact of the government’s Instant Asset Write-<br />
Off scheme saw July sales rise 24 per cent above July last<br />
year and brings year to date 21 per cent over 2019.<br />
Activity across the states was quite varied with the continued<br />
recovery in NSW the standout – up a whopping 60 per cent on<br />
the same time last year and now sitting 26 per cent ahead for<br />
the year.<br />
Victoria reported another strong month, up 34 per cent and<br />
now 30 per cent ahead year to date. Meanwhile, Queensland<br />
experienced its first dip in some months, down 7 per cent but<br />
still 14 per cent up for the year.<br />
Western Australia picked up another 5 per cent and now<br />
remains 3 per cent behind last year.<br />
Sales in South Australia continue to rally with another strong<br />
month, now 32 per cent up YTD, and Tasmania is flourishing,<br />
up 17 per cent for the month and now 24 per cent ahead for<br />
the year.<br />
The increase in sales numbers is due almost entirely to the<br />
ongoing strength in the smaller end of the market supported<br />
by the Instant Asset Write-Off scheme. The under 40hp (30kW)<br />
range was up 48 per cent for the month and now sits 20 per<br />
cent ahead for the year to date.<br />
The 40 to 100hp (30–75kW) range was again up strongly 29 per<br />
cent, now 21 per cent ahead for the year.<br />
The 100 to 200hp (75–150kW) category was healthy with the<br />
month up 6 per cent – 36 per cent for the YTD. The strength in<br />
the horticultural space is having a big impact on demand for this<br />
range strongly supported by the financial incentives in place.<br />
Sales in the large 200hp (150kW) plus range were again down<br />
another 7 per cent leaving this category 7 per cent behind YTD.<br />
Ongoing drought in northern NSW and southern Queensland<br />
has lessened demand, along with the feeling that the utilisation<br />
levels of the past few years may not have yet warranted largescale<br />
fleet replacements.<br />
Early signs are that international supply chains can meet<br />
Australian demand for new products, but the imposition of Stage<br />
4 restrictions in Victoria, which is a key machinery supplier, may<br />
complicate matters. While agricultural suppliers will continue<br />
operating, these restrictions will inevitably affect the way work<br />
is done.<br />
With regards to other products, sales of combine harvesters<br />
have now slowed, with most product now in place for the<br />
upcoming harvest season. The full year picture is likely to be<br />
around 15–20 per cent down on last year.<br />
Baler sales continue to boom and are up 33 per cent year to<br />
date, whilst sales of out-front mowers are healthy and remain 14<br />
per cent ahead of the same time last year.<br />
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