The FTMTA Tractor Registration Report has shown a sharp drop in used tractor registrations. The numbers are compiled from monthly raw data submitted by the Revenue Commissioners.
Registrations of compact tractors are down 45.3 percent year-to-date, with just 925 used tractors registered in the first four months of 2022, compared to 1,691 units in the same period last year.
“The biggest problem we have in the used tractor market right now is a lack of supply from the UK,” said Castlebar Farm Machinery’s Tom Jennings.
“It has really come to a head in recent months as UK farmers are reluctant to pass on used tractors as the cost of new machinery continues to rise.
“We are heavily dependent on the UK for our used stock as every tractor imported from the continent comes with an additional cost of transport and €3,000 to change the clutch.”
The latest tractor registration figures from the FTMTA also show that new tractor sales continue to lag 2021 levels and are down 12 percent with 1,100 tractors registered so far in 2022 compared to 1,252 registered units last year.
The market for new tractors in April 2022 stood at 213 units, down one percent compared to the same month in 2021.
“Supply and price affect new tractor sales,” said Derrick Maher of Maher Tractor Sales in Meath. “Our McCormick and Landini tractors in the 110hp range are up around €20,000 since the start of the year.
“Manufacturers say a shortage of various components is holding back supply. The situation should ease up in the second half of the year.”
Cork continues to deliver the highest number of new tractor registrations with 151 units year to date, with Tipperary in second place (85), followed by Wexford (74).
The most popular powerband is the 101-120 hp category, accounting for 23.91 percent of all registrations.
Tractors in the under 100 hp range now account for 10.27 percent of all new ones
Registrations. The over 200 hp category accounts for 9.91 percent of registrations.
FTMTA data has shown that 219 imported used tractors were first registered in Ireland in April 2022, down 31 per cent on April 2021.
The Irish market for new telescopic handlers remained strong in April 2022. While registration figures in April are 36 percent lower than in April 2021, the overall trend shows a year-to-date increase of 3.91 percent.
Two leading brands account for over 57 percent 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 per cent fall in new registrations in April 2022 compared to April 2021, while the market was down just 1.15 per cent year-to-date.
There is a growing dominance of Chinese-made machines in the lower end of the agricultural market.
Machines of Chinese origin now account for almost 60 per cent of new wheel loader registrations in Ireland.
https://www.independent.ie/business/farming/news/used-tractor-registrations-plummet-by-453pc-in-2022-41680593.html Registrations of used tractors will fall by 45.3 percent in 2022