May UK tractor registrations significantly down, but year average still good
While registrations of new tractors in May 2019 are significantly down on the same period last year, the Agricultural Engineers Association reports that registration figures are still healthy overall.
Following the high levels of registrations in April, UK agricultural tractor registrations (over 50hp) dipped significantly in May.
A total of 889 machines was registered during the month, around a quarter fewer than in the same month last year. According to the AEA this indicates that, as suggested last month, some of the registrations in April may have been due to machines which were brought into the country ahead of Brexit.
Stephen Howarth, AEA agricultural economist says; "It was always likely this would leave somewhat fewer to be registered in May. Nevertheless, registrations for the year to date were only 3% lower than in the first five months of 2018. That indicates that although Brexit is causing some volatility in the monthly figures, it has not had a dramatic effect on the number of tractors being registered overall."
May 2019 tractor registration figures:
Month: 889 Units -27.2% change (compared with May 2018)
Year to Date: 5,162 Units -3.4% change (compared with January-May 2018)
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