Increased Used Equipment Pricing Support Higher New Prices for CNHI

CNH Industrial, parent company of Case IH and New Holland Agriculture, reported a 15% net sales increase of agricultural equipment in the first quarter of 2018 compared with the first quarter of last year.

For the 3 months ending on March 31, CNHI recorded nearly $2.6 billion in equipment revenues, up from approximately $2.2 billion the year prior.

Adjusted Earnings Before Interest, Taxes, Depreciation and Amortization (EBITDA) was $265 million in the quarter, an increase…

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