Day without verve for Cnh Industrial on the stock exchange trying to recapture the 14 euros. At the moment the stock rises by 0.4% to 13.95 euros. Under the lens the indications that came from Traton which anticipated lower than expected volumes in the third and fourth quarter due to the shortage of chips and also of numerous other components. In particular, since the end of August it has suffered a reduction in the sales volumes of all brands.
Equita analysts point out that “this situation is causing a negative impact on sales volumes, particularly in September and is expected to continue for the rest of the year and for the following year, despite the fact that there is a lot of demand from end customers” . Traton now expects third quarter sales volumes to be significantly lower than expected and fourth quarter to have a similar evolution.
“This newsflow is not new and we believe it affects all players globally”, report from Equita, which maintains the rating buy on Cnh Industrial.