There had been will increase throughout each horsepower sector, with an almost 60 % improve in gross sales within the predominantly cropping and contracting segments of 150 horse energy plus, Baxter mentioned.
“From a finance perspective, situations had been constructive for the sector with the mix of strengthened confidence and commodities ensuing within the massive lending establishments wanting favourably on the agricultural trade,” he mentioned.
There had additionally been a 30 % improve in gross sales of the sub-40 horsepower machines – a class dominated by life-style block house owners.
It was thought a raise in life-style block gross sales post-Covid-19, in addition to folks spending extra time at dwelling, was serving to gross sales on this class, Baxter mentioned.
Whereas the affiliation’s members had been having fun with the elevated demand, Baxter mentioned continued inbound and outbound provide chain challenges had been an ongoing downside.
“International manufacturing constraints are nonetheless very a lot a actuality, as vegetation proceed to work by means of Covid restrictions of their respective international locations, however the movement of kit into New Zealand is rising steadily.
“It will provide a lot welcome reduction for patrons who’re requiring new items of kit to be put to work right away.”