Year at CNH Shows 35 Percent Sales Growth

In ag, net sales increased by 34.8 percent in FY2021 compared to FY20.

In North America, demand was up 10 percent for tractors under 140 HP and up 23 percent for tractors over 140 HP. Combines were up 25 percent.

CNH Industrial said the increase in net sales was driven by higher demand, better mix, and favorable price realization of 7 percent, as well as lower destocking compared to 2020.