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As 2017 drew to a close, the November tractor
registration figures prepared by the Farm Tractor
and Machinery Trade Association (FTMTA) show
the upturn in the new tractor market continuing
its improvement.
November saw 51 new tractors registered,
which is quite a high number for so late in the
year and is a considerable increase on the 38
units registered in the same month of 2016. A
total of 1,765 new tractors were registered during
the year to the end of November which, while
still a 5 per cent decrease year on year, sees the
reduction on last year's market continuing to improve.
A total of 1,876 new units were registered during 2016 and,
while the gap will not be closed fully at this stage, the overall
outcome for 2017 will be a lot better than might have been
expected earlier in the year with realistic expectations of
continued improvement in sales into 2018.
The counties with the highest levels of new registrations
during the first 11 months of this year are Cork with 200
units, Tipperary with 149 units and Wexford with 112 units.
During the year to date, 84 per cent of all tractors registered
had greater than 100hp and just over 50 per cent had greater
than 120hp.
Despite the very welcome improvement in tractor
registrations from the reduced levels of the earlier part of
the year, the level of new tractors sales in the Irish market
continues at a lower level than even in the pre-boom years,
and not even considering the much higher registration
numbers seen in the years immediately prior to the global
economic downturn.
The machinery sector continues to be a challenging
and competitive business environment in which to
operate. Fortunately, sales of various categories of
implements, and, in particular, of certain types of
grass equipment, have proven quite resilient in
recent years.
The tillage sector is clearly proving particularly
challenging in recent years but even there
the long-awaited Tillage Capital Investment
Scheme under TAMS II, which was finally
launched in March, has made a difference.
FTMTA trade auction
The Executive Council of FTMTA has agreed that a second
FTMTA Farm Machinery Trade Auction will take place
at Punchestown Event Centre on Saturday, February 24.
This sale will follow on from the inaugural event held at
the end of September, which was a very well attended and
successful event with over 2,500 people passing through
the doors of the venue on the day, and with significant
bidding activity in the two sales rings. The substantial entry
of machinery and the large number of buyers present and
online demonstrated that there is in fact an appetite for
such an auction in Ireland.
Viewing will be open at Punchestown, which has proved to
be a highly suitable venue for such an event, on the day prior
to the auction, Friday, February 23. Full details, including
photographs, of most lots will be available online in advance
of the auction. Bidding will be possible onsite, online or
through a pre-bid service.
Further information is available from the FTMTA.
Tractors registrations continue improvement
Abbey Machinery MD collects two awards
Clodagh Cavanagh, managing director of FTMTA member firm Abbey Machinery, collected two prestigious awards
in the closing months of 2017. Clodagh was recognised by the University of Limerick Alumni Association at the
Annual UL Alumni Awards in November. Clodagh was also presented with the CEO of the Year 2017 award at
the recent Image Businesswoman of the Year Awards 2017. The ethos of the family business is still hugely evident
in Abbey Machinery with Clodagh working alongside her two brothers: Owen, director and quality manager; and
Cormac, supply chain manager.
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