Tag: sales: Page 3

Dealers

Caterpillar dealer inventories down from 2015 with more “substantial” reductions coming

Aside from lower oil prices and sagging demand for mining equipment around the globe, sales of Caterpillar heavy equipment have also been negatively impacted by lower dealer inventories. In a statement on dealer inventories accompanying its third quarter earnings—which included reduced expectations for fiscal year 2016 sales—the company says dealer inventories in the third quarter of […]

October 27, 2016

Dealers

Volvo CE names Roy president of sales for Americas region

Volvo Construction Equipment has named former Mack Trucks president Stephen Roy its next president of sales for North America and Latin America. Roy, who has been with the Volvo Group since 2007, will take on the new position September 1. He will be based in Shippensburg, Pennsylvania, and report to senior sales vice president Tomas […]

July 29, 2016

Business

John Deere to cut 180 workers in response to low demand for equipment

John Deere has announced that it will lay off a combined 180 workers across two Illinois manufacturing facilities. According to a report from the Waterloo Cedar Falls Courier, the company is laying off 150 workers at its East Moline Harvester Works facility and and another 30 workers at its Davenport Works facility. According to the Deere website, […]

September 8, 2015

Dealers

Plunging yen has boosted Komatsu sales; Caterpillar dealers report “aggressive” pricing

With profit and sales declines in full effect for competitors Caterpillar, John Deere and CNH Industrial, Komatsu earnings reports been the lone bright spot among construction equipment manufacturers. Even Terex, which finished the year with a 27 percent profit increase, is expecting a more challenging 2015 with sales declines. Komatsu sales increased 6.4 percent year-over-year […]

March 12, 2015

Business

Terex finishes 2014 with a 27% profit increase but expects sales declines in 2015

Terex has released its fourth quarter and full-year earnings report and despite consecutive down quarters to finish the year, the heavy equipment manufacturer saw overall gains in both profit and sales during 2014. Sales were up 3 percent in 2014 to $7.3 billion thanks to increases in every segment except cranes. The figure met the […]

February 18, 2015

Construction Equipment

New financed construction equipment sales rise 16% in October, up 13 % year-over-year

The number of financed new units of construction equipment sold or leased in October increased by 16 percent compared with September, according to Equipment Data Associates, which tracks financed construction equipment activity. In October, 8,503 new machines were sold, compared to 7,094 in September. New financed sales rose 13 percent compared with October 2013. Used […]

December 1, 2014

Roadbuilding

Martin Marietta reports huge 2nd quarter profits

Martin Marietta Materials has reported strong second quarter earnings of $1.34 per share compared to 89 cents per share in the second quarter of 2013. Revenue for the company totaled $669.2 million, up from $561.3 million during the same period last year. Net sales hit a record $601.9 million, up from $507.1 million. The company […]

July 31, 2014

Roadbuilding

Daimler, Volvo report higher sales, profit in second quarter

Daimler reported this week that second quarter revenue in its truck segment were mostly flat at $10.74 billion compared to the same period last year, while profits jumped 5 percent to $612 million. Volvo in its earnings call reported a 44 percent increase in deliveries through June, while Mack, which Volvo owns, reported a 24 […]

July 29, 2014

Business

John Deere Q4 and fiscal-year profits again increase to record highs

For the third straight year and the 14th-straight quarter, John Deere has announced record earnings. And, based on the recovering economy and housing market, the manufacturer sees things pickup up for its construction equipment business in 2014. The heavy equipment manufacturer announced Wednesday that profit for the fourth quarter of the year was up 17 […]

November 20, 2013

Construction Equipment

Financed new equipment unit sales increase 8 percent in May

The number of financed new construction equipment unit sales in May increased 8 percent compared to April, according to Equipment Data Associates. In contrast, used financed sales declined by 9 percent  during May compared to the month before. Top new equipment contractor buyers for the month included a Wisconsin-based pipeline firm buying 65 machines, including […]

June 28, 2013

Construction Equipment

Ram Trucks looking to “upset” pickup sales pecking order after sales increase 25%

The news that Ford, Chevrolet and Ram, in that order, hold the top three spots for pickup sales for March shouldn’t come as a surprise to anyone. However, as Truck Trend points out in its roundup of how each automaker fared over the year between March 2012 and March 2013, the numbers indicate that an […]

April 5, 2013

Business

Caterpillar global dealer sales down 13 percent

According to recent SEC filing, Caterpillar reported that its global dealer sales dropped 13 percent in the three month period ending in February when compared to the same period last year. The Asia/Pacific region dealt much of the blow with sales there down 26 percent during that time period. Here in North America, the company’s […]

March 22, 2013