Demand “remains strong” for new tractors on the Irish market, but the number of those being registered in Ireland continues to feel the pinch because of disruptions to global supplies.
That is according to a spokesperson for the FTMTA, which has today (Monday), released its latest statistics service report for November 2022.
The November 2022 new tractor market at 44 units was 10% higher compared with the same month last year.
The year-to-date figures are 10% lower than the corresponding period in 2021, with 2,111 new tractors registered in the Republic of Ireland so far in 2022, compared with 2,345 units in 2021.
County Cork continues to deliver the highest number of new tractor registrations at 312 units for the year-to-date, while Tipperary is ranked in second place with 167 units, followed by Wexford at 141 units.
The most popular power band moves to the 101 to 120hp category, which for the year-to-date now accounts for 23.64% of all new tractor registrations.
Tractors in the power band lower than 100hp now account for 11.08% of all new tractor registrations.
According to its latest data release, over 200hp category now accounts for 8.95% of registrations.
The FTMTA data shows that 245 imported used tractors were first-time registered in Ireland in November 2022, 24 units less than in November 2021.
There were 2,488 used tractors first registered by the end of November 2022 compared with 3,528 units for the first ten months of 2021, a more than 29% reduction.
New Tractor Registrations 2022 [Source: FTMTA]
Used Tractor Registrations [Source: FTMTA]