J P M O R G A N North America Equity Research 10 July 2026 EU Agriculture June Tractor Registrations Up 1% YoY in Germany, Up 17% in the UK VDMA reported German tractor registrations up 1% YoY in June. German 100HP + tractor registrations were down 3% YoY in June, and <100HP registrations were up 10% YoY. Meanwhile, in the UK, the Agricultural Engineers Association (AEA) reported 50HP+ tractor registrations up 17% YoY in June. Tractor registrations were down 3% YTD in Germany and up 22% YTD in the UK in Jun ...