Constellation Dealer Insights Tractor Market Update shows that same-store sales were down 27% year-over-year in February.

The report is based on the data from 235 dealers, who account for 109,000 wholegood units and $2 billion in total sales. 

These dealers reported $48 million in sales in February vs. $66 million in February 2024 and $76 million in February 2023. 

Commenting on the report, DA Davidson analyst Michael Shlisky says, “At this point in the year, we are not expecting much improvement, especially since February is considered the off-season and can be volatile from year to year. It remains to be seen whether tariff or economic uncertainties are affecting farmer behavior--we expect to get a better sense of how that is playing out when we receive March and April Same-Store Sales data. Comps to get easier as we move through the year, and the farm outlook is better than 2024, so we would not be surprised if the Year over Year volatility declines in the coming months.”

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