CNH Financial Services’ revenues totaled $400 million in Q2/17, essentially flat compared to $399 million in the same quarter one year-ago. Year to date for the six months ended June 30, 2017 revenues of $796 million were up from $787 million a year earlier.
In Q2/17, CNH said retail loan originations (including unconsolidated joint ventures) were $2.3 billion, flat compared to Q2/16.
The managed portfolio (including unconsolidated joint ventures) was $25.6 billion as of June 30,2017 (of which retail was 63% and wholesale 37%), up $0.3 billion compared to June 30, 2016. Net income was $87 million in Q2/17 which was flat compared to Q2/16.
Equipment under operating leases of $1,897 million at the end of June 2017 was up slightly from $1,890 million at year-end 2016.
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