Equipment Trends for June 2026

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Andy Campbell frames up the first half of 2026 with a category-by-category look at used equipment trends — and a recurring theme: inventory is improving, but sales velocity is not keeping pace.

OEM earnings and industry inventory

Used inventory is down ~20% YoY per Tractor Zoom data, and OEMs are committed to not overproducing. AGCO stands out with North American large ag sales up 9% — a sharp contrast to CNH (large tractors down 27%) and Deere (large ag down 14%). Destocking discipline is paying off. These are lag indicators, but the production restraint should be a tailwind into 2027.

Tractor market

Large row crops (300–425hp): inventory down 14% YoY, but May sales velocity dropped ~60% vs. last year. Utility tractors: down 28% YoY, but velocity lagging and pressuring turn rates. Four-wheel drives: the outlier — inventory up 8% YoY, aged units up 26%, and high diesel costs adding a headwind.

Smaller row crop tractors: A new warning sign

Andy's data analysis flagged smaller row crop tractors as sharing grain cart-like symptoms — elevated prices, growing aged inventory, slowing demand. The 60-day sell rate on units under 2,000 hours has dropped from a historical 38% to about 25%. These tractors are concentrated in Delta, southern, and Appalachian regions where cotton, rice, and soybean markets are under pressure.

Other categories to watch

Planters continue drawing down (~30% YoY); Deere early-order trade-in data should start showing up soon. Sprayer inventory down 32% but velocity still sluggish. Grain carts remain a concern. Folding headers seeing more price resistance than non-folding at auction. Early June auction results should set the tone for summer.

What to watch

• Tractor Zoom summer webinar (June 24th, 1 PM CT): Deep dive into every major category. Free — register at TractorZoomPro.com.
• Early June auctions: First weekends tend to set summer pricing direction.

Sources

Ag Equipment Intelligence Executive Summit (May 19–20, Chicago)

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