During CNH Industrial’s 1Q23 earnings call on May 5, 2023, CEO Scott Wine said the company’s order backlog remains solid and well above 2019 levels, with ag and construction order books full through the third quarter.
“Based on feedback from our dealers, we expect the fourth quarter order slots to fill rapidly. Our dealers remain on allocation for products, where demand is outstripping our ability to produce, especially our large agricultural equipment with precision technology,”…
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In this episode of On the Record, brought to you by Associated Equipment Distributors, we look at AGCO’s plans for its precision business and its 2029 targets. In the Technology Corner, Noah Newman talks with Eis Implement’s precision team. Also in this episode, the interest savings dealers could see with the latest rate cut by the Fed and a look at the used 100+ horsepower tractor market.
