CNH: North American Sales Drop

In a quarterly report from CNH, the company reported net sales for agriculture increased 3 percent in the second quarter of this year compared to last year. The increase is the result of a rebound in sales in Latin America.

Net sales declined in North America due to unfavorable industry volume in the small grain and hay-and-forage product lines, the company said.

Net sales increased in the region that includes Europe, the Middle East and Africa and in the Asia-Pacific region.