CNH sales and profits decline

CNH second-quarter sales declined by 14 per cent to $4.1 billion.

Profits were $217 million compared with $404 million.

“While we continued to face challenging market conditions this quarter, the CNH team's resilience and dedication allowed us to navigate through them effectively and in line with our targets, said chief executive officer Gerrit Marx.

In North America, industry volume was down seven per cent for tractors under 140 horsepower and was down 37 per cent for tractors over 140; combine sales were down by 23 per cent..