INDUSTRY SNAPSHOT: ITALIAN AGRICULTURAL MACHINERY STATS IN NORTH AMERICA

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