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Caterpillar dealers post double-digit sales growth for summer

Categories: Top Stories, Dealer News | Author: Amy Volk | Posted: 9/21/2012 | Views: 387

Caterpillar Inc's (CAT.N) dealers reported a double-digit sales jump for the three-month period ended in August, partly due to strong sales in North America as customers replaced aging equipment. 

Retail dealers for the world's largest heavy equipment maker reported a 13 percent sales increase for the June-through-August period. The figure is down slightly from the 14 percent increase for the May-through-July period, the company said in a filing with the U.S. Securities and Exchange Commission.

Peoria, Illinois-based Caterpillar said dealer sales in North America -- where most of the company's revenue comes from -- were up 24 percent for the period, and dealer sales in Asia/Pacific -- the second-largest region -- were up 27 percent.

While the U.S. economy remains depressed, many construction firms are having to replace aging heavy equipment, boosting Caterpillar and its peers.

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Source: Reuters

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From the NAEDA Office

Volunteers step up to study reshaping of NAEDA.

It is rare to have an opportunity to reshape an organization - especially, one that has more than 100 years of service to its members. Change is hard. It is controversial, politically sensitive and challenging, while status quo is comfortable and uncomplicated. However, change can also be invigorating, motivating and rewarding. It can offer a once-in-a-lifetime opportunity to assume a leadership role in positioning an organization for continued success - strengthening its foundation, refocusing its priorities, enhancing its value proposition and enabling its volunteer and staff leaders to focus on the goals and objectives of the organization.   Read More...


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