Net Sales Fall at CNHi

CNH Industrial recently released its quarterly and yearly earnings.
Revenue for the agriculture segment was down 7.2 percent for the quarter and 6.2 percent for the year. The company said lower industry volumes in North America and worldwide contributed to the decline. It also cited reduced dealer inventories in the second half of 2019.

CNH Industrial expects “farmers’ sentiments in 2020 to gradually stabilize, despite a muted industry environment in the major markets in which the company competes, where soft commodity prices remain under pressure.”