CNH鈥檚 CE saw an increase of 6.4 % in net sales
CNH Industrial saw net sales of industrial activities decline by 7 % for the full year in 2020; construction equipment net sales worldwide plunged almost 22 %. Q4 results, however, were much more positive, with the company's construction equipment segment saw a net sales increase of 6.4 % compared with the same period in 2019.
The company says global demand for construction equipment in Q4 increased in all segments, with compact and service equipment up 17 %, general construction equipment up 24 %, and road building and site preparation equipment up 4 %.
Regionally, the company saw Q4 construction equipment demand increase 10 % in North America, decrease 4 % in Europe and South America and increase 33 % in the company's rest of the world segment, including a 51 % increase in China. Compact equipment was up 16 % in North America and 31 % in the rest of the world.
Net Q4 global construction sales were up 6%, prompted by higher volume and positive price realisation, says the company.
Written from a company news release.
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