"VOLATILITY" OF UK TRACTOR MARKET CONTINUED IN JULY

According to figures released by the AEA, the month-on-month volatility of UK agricultural tractor registrations continued in July 2019.

The number of machines (over 50hp) registered during the month was 7% up on July 2018, at 1,446 units.

Stephen Howarth, agricultural economist at the AEA said, "This rise followed two months of significant declines and the total for the year to date remains 3% down on the first seven months last year, with 7,643 tractors registered.

"Some volatility was to be expected this year, given the ongoing influence of Brexit on the market."