While demand was down across all regions for CNH Industrial during the first quarter, CEO Scott Wine said retail deliveries during the quarter outperformed the overall market.
CNH Industrial’s first quarter ag net sales were down 14% year-over-year to $3.4 billion, mainly due to lower industry demand and dealer inventory management. Agriculture net sales for the quarter fell back to levels seen in the first quarter of 2022, but remained above ag net sales for…
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In this episode of On the Record, brought to you by Associated Equipment Distributors, Deere Director of Investor Relations Josh Beal told JP Morgan analysts that the OEM is confident it will be “producing to demand” in fiscal year 2025.
