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FederUnacoma Announce 2023 Tractor Registrations with the Economy and Geopolitics Impacting the Market

Sales of tractors dropped to 17,613 units in 2023 according to the latest report released by FederUnacoma with the medium-power range tractors in particular losing ground. There were also minus signs also for telescopic handlers (-3.4%) and trailers (-8.1%). On the other hand, combine harvesters (+10.2%) and tractors with loading platforms (+15.9%) bucked the trend. The downturn according to the association is “due to economic and geopolitical factors”. 

FederUnacoma Publish 2023 Market Registrations

Registration data processed by FederUnacoma on the basis of registrations provided by the Ministry of Infrastructure and Transport – showed a 12.9% drop for tractors, with 17,613 vehicles registered against 20,211 in 2022. The drop mainly affected medium-power models, from 57 to 130 kW (-23%), while lower-power models from 20 to 56 kW dropped 5% and ranges above 130 kW (-14%) recorded smaller reductions. The 0-19 kW class on the other hand, saw registrations increase by 63%.

With regard to other types of machinery, the reduced sales also impacted trailers, which fell by 8.1% to 7,718 registered units compared to 8,398 in 2023, and telehandlers, which, however, did not deviate too much from the previous year’s volumes (-3.4%) at 1,141 units. Both combine harvesters and flatbed tractors bucked the trend the sector’s trend with the former seeing an increase in sales of 10.2%, with a total of 390 units compared to 354 in 2022; the latter rose by 15.9%, from 529 to 613 vehicles sold.

In 2023, FederUnacoma have reported that the market was affected above all by cyclical variables, such as inflation and the rise in interest rates, and additionally by an increase in geopolitical tensions. Compartively the association claimed that the drop in sales is not associated with a slowdown in demand, which remained dynamic even in a particularly unstable year.

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