European tractor registrations closed 2023 with a decline of six and a half percentage points. However, manufacturers are apprehensively looking towards the future due to an economic situation plagued by too many uncertainties.According to the monthly surveys conducted by CEMA, the European Association of Agricultural Machinery Manufacturers, by the end of January 2024, “The economic climate for the agricultural machinery industry in Europe is in a deep recession… deteriorating once again after significant declines in previous months… The indices for tractor and harvesting machinery manufacturers have reached historic lows. More…
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