2019 saw both AGCO and CNH Industrial finish in the red. Both reported consolidated revenues down for the full year, as well as in 4Q19. AGCO also reported negative impacts from the late harvest and low crop production in the U.S., while CNH Industrial experienced lower industry volumes in North America and Rest of World (RoW) markets.
AGCO, a manufacturer and distributor of agricultural equipment and solutions, reported net sales of approximately $2.5 billion for the fourth quarter of 2019, a decrease of approximately 3% compared to the fourth quarter of 2018.
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In this episode of On the Record, brought to you by Associated Equipment Distributors, we take an initial look at the Dealer Business Outlook & Trends Report and what dealers are forecasting for 2025.