Farming News - UK Agricultural Tractor Registrations continue to increase
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UK Agricultural Tractor Registrations continue to increase
The strong growth in new registrations of agricultural tractors (over 50hp) in the UK showed no sign of ending in July.
The number of machines registered during the month was up 23% on July 2017, the highest percentage growth of the year to date – 1,347 units.
This brought registrations for the year so far to 7,876 units, over 600 (9%) more than in the first seven months of last year. Furthermore, registrations over the 12 months ending in July were the highest for any 12-month period since October 2013 – September 2014.
AEA agricultural economist Stephen Howarth said growth in the market is still being driven by the arable sector, with the best improvements in sales seen in tractors over 180hp in the figures up to June.