Agricultural DownturnThe agricultural equipment downturn has caused a drop in production hours, impacting CNH's Ag margin forecasts and highlighting the challenges faced by the company.
Industry ChallengesThe farm equipment industry is experiencing a prolonged downturn, with high inventory levels posing challenges for CNH, affecting its market dynamics.
Tariff ImpactsTariff-related headwinds are expected to show up in the second half of 2025, impacting CNH's financial performance and adding a layer of uncertainty.