John Deere February Sales a Mixed Bag

John Deere’s February retail sales offered a mixed bag:

Utility tractor sales were up better than the industry average of 15%. January inventories were also lower than the industry average of 46% of previous year’s sales.

Four-wheel-drive tractor sales were down double-digits while industry sales were down only 1%. January inventories were slightly lower than the industry average of 15% of previous year’s sales.

Combines were up strongly, although slightly less than industry average of 34%. January inventories were slightly lower than the industry average of 13% of previous year’s sales.

Turf equipment showed double-digit growth.