CNH Industrial announced consolidated Q2/18 revenues of $8,045 million were up 15% compared to Q2/17. Adjusted net income of $397 million in Q2/18 was up 56% from $255 million a year earlier.

CNH Financial Services revenues totaled $498 million in Q2/18, a decrease of 1% compared to Q2/17 primarily due to a lower average portfolio balance in NAFTA.

In Q2/18, retail loan originations were $2.6 billion, relatively flat compared to Q2/17. The managed portfolio was $25.9 billion as of June 30, 2018, up $0.3 billion compared to June 30, 2017. Net income was $102 million in Q2/18, an increase of $15 million compared to Q2/17, primarily due to stronger performances in NAFTA, EMEA and LATAM.