Tractor sales up 15pc
The Irish new tractor market is showing clear signs of recovery, with the most recent monthly tractor sales figures showing a 15pc increase compared to last year.
Analysis from the Farm Tractor and Machinery Trade Association (FTMTA) show that 1,388 new tractors were registered between January and August this year. This represents a 15pc increase on the same period last year.
Gary Ryan, chief executive of the FTMTA, has estimated that new tractor sales will finish the year at around 1,500, an increase of 185 on last year's 1,315.
However, the recovery is from an exceptionally low base, Mr Ryan said.
Last year's tally was the lowest tractor sales figure for 30 years, according to Mr Ryan.
The highest tractor sales figures since Ireland joined were recorded in 2007, when 5,200 new tractors were registered.
Nonetheless, Mr Ryan said tractor sales had turned a corner this year.
"The tractor registration figures are considerably ahead of last year and it looks like 2012 will hit the ground running," he said. "Our target would be to return to at least 2,000 new tractor sales by 2013."