AGCO and CNH Industrial both reported 2Q sales declines of 15% and 16%, respectively.
AGCO’s North American net sales decreased 19.8% in the first 6 months of 2024 compared to the same period in 2023, excluding the impact of favorable currency translation and favorable impact of an acquisition. Softer industry sales, lower end-market demand and de-stocking efforts all contributed to lower sales.
The most significant sales declines occurred in the hay equipment, mid-range…
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In this episode of On the Record, brought to you by Associated Equipment Distributors, we take an initial look at the Dealer Business Outlook & Trends Report and what dealers are forecasting for 2025.
