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Registrations of used tractors have fallen by 45% compared to 2021

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The FTMTA Tractor Registration Report showed a sharp drop in used tractor registrations for the year to date. The figures are compiled from raw monthly data reported by the Irish Revenue Commissioners.

Small tractor registrations are down 45.3% year-to-date, with just 925 used tractor registrations in the first four months of 2022, compared to 1,691 units in the same period last year.

The latest FTMTA tractor registration figures also show that new tractor sales continue to lag 2021 levels and are down 12% with 1,100 tractors registered in 2022 compared to 1,252 registered units last year.

The market for new tractors in April 2022 stood at 213 units, down 1% compared to the same month in 2021.

Cork continues to deliver the highest number of new tractor registrations with 151 units year to date, while Tipperary is second, followed by Wexford with 85 and 74 units respectively.

The most popular powerband is the 101-120hp category, accounting for 23.91% of all registrations.

Tractors in the under 100hp range now account for 10.27% of all new registrations. The class over 200 hp accounts for 9.91% of registrations.

FTMTA data has shown that 219 imported used tractors were first registered in Ireland in April 2022, down 31% on April 2021.

The Irish market for new telescopic handlers remained strong in April 2022. While April registrations are 36% lower than April 2021, the overall trend shows a year-to-date increase of 3.91%.

The top two brands account for over 57% of the total market. In April 2022, the 30 newly registered telehandlers were offset by 20 used first-time registrations.

The Irish wheel loader market saw a 47% fall in new registrations in April 2022 compared to April 2021, while the market was down just 1.15% year-to-date.

There is a growing dominance of Chinese-made machines in the lower-end of the agricultural market.

Chinese origin machines now account for almost 60% of new wheel loader registrations in Ireland.

The Irish backhoe market fell to 1 unit registered in April 2022 while the market remains strong year-to-date with 29 units registered so far in 2022, up 11.54% over the same four months in 2021.

One brand continued to dominate the market with registrations accounting for over 60% of all new backhoe loader registrations.

https://www.independent.ie/business/farming/machinery/second-hand-tractor-registrations-down-45-on-2021-41661341.html Registrations of used tractors have fallen by 45% compared to 2021

Fry Electronics Team

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