Leasing
Life, in collaboration with Tallon &
Associates, publishes a monthly analysis of data on the demand for
used assets. This month we look at changes in demand for the
agricultural sector.

Tractors – Compact (<50
HP)

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  • Slight fluctuations noted during the
    12-month period for compact tractors with interest shown
    predominantly from the grounds care sector.

Tractors – Medium
(50-149HP)

  • Principal interest seen during the
    first quarter of 2010 which encompasses the new registrations in
    March.
  • New tractor registrations however
    down from the same period 2009.
  • Interest in second user tractors seen
    predominantly from trade purchasers possibly with a view to
    export.

Tractors – Large
(150HP+)

  • Again interest/demand peaked during
    the first quarter due to the new registrations.
  • The general trend appears to be
    towards large-capacity tractors at present.

Combine
Harvesters

  • A seasonal market as indicated by
    demand.
  • New combine sales in the UK are
    currently above ‘average’ for the sector.
  • Strongest demand seen for
    small/medium-capacity machines.
  • Second user demand has been strong in
    collective sales.

Handling
Equipment

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  • Overall demand appears down from
    2009.
  • Operators relying on current
    machinery rather than updating.

Tillage

  • Limited demand seen in new tillage
    equipment.
  • Second user machinery attracting
    interest at collective sales.

Hay/Silage

  • Again a seasonal market,
    predominantly during the spring and summer months.
  • Some demand noted in new large square
    balers during the last quarter. However demand appears down from
    2009.

Sprayers

  • Limited demand noted for
    large-capacity self-propelled units, however overall demand down
    from recent years.

Chart showing demand for the agricultural sector – July 2009-July 2010