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MARKET NEWS<br />
Left: Sales of tractors under 40hp, like this<br />
Mahindra Jivo, were up 29 per cent in March<br />
marching on<br />
Sales of agricultural equipment rose in March, in what<br />
the industry hopes will be the start of a positive season<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 />
Thanks partly to the government’s $150,000 instant asset<br />
write-off threshold, while large tractor and harvester sales<br />
have a long way to go before returning to recent highs, the rest<br />
of the market is bouncing back.<br />
Sales in March were up 5 per cent in unit numbers but down<br />
10.8 per cent in dollar terms on the same month last year; with<br />
sales 3.2 per cent behind for the year to date after a rocky start.<br />
The difference between unit sales and turnover is due to the<br />
marked fall in the 200hp (150kW) and above range – down 21<br />
per cent for the month and 15 per cent behind YTD.<br />
Unit sales were strongest in the under 40hp (30kW) range, up<br />
29 per cent for the month after the accelerated depreciation<br />
incentives. These now sit 3.3 per cent behind for the year to date.<br />
The 40 to 100hp (30–75kW) range was in line with last March,<br />
now down 9 per cent for the year and the 100 to 200hp<br />
(75–150kW) category had another strong month up another 16<br />
per cent, and up 10 per cent for the YTD.<br />
Victoria has a bumper year, up 32 per cent on March 2019 and<br />
15 per cent ahead for 2020, while South Australia recorded its<br />
first rise for some time – up 27 per cent in Ma ch and 3 per cent<br />
ahead of its 2020 levels.<br />
NSW sales were up 13 per cent for the month, 6 per cent down<br />
year to date and Queensland down another 9 per cent and now<br />
15 per cent behind last year.<br />
Western Australia’s story was somewhat grim: down 30 per<br />
cent for March, 17 per cent down YTD. Tasmania’s strong run<br />
has slowed, 19 per cent down for March and now 4 per cent<br />
ahead for 2020.<br />
Conditions for combine harvester sales are challenging, with no<br />
great prospects despite improving conditions and only a small<br />
number of completed sales in March.<br />
March baler sales were 51 per cent higher than last year; but<br />
there was no improvement in out front mowers sales, now 18<br />
per cent behind YTD.<br />
Regrettably the annual TMA Conference, slated for July, has<br />
been cancelled; to be held instead in 2021. In the meantime...<br />
stay safe!<br />
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