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Tag: Cat equipment sales
The Dirt
How Caterpillar Changed the Way It Sells Equipment | The Dirt #11
In late 2019, Caterpillar announced a new retail strategy. Specifically, the company rolled out on-machine sticker pricing at its dealerships and the ability to shop for machines online. Get all the details in this episode of The Dirt.
August 21, 2020
Dealers
Cat sales drop 8% in 4Q 2019; company expects difficulties to continue in 2020
Caterpillar saw sales and revenues drop 8 percent during the fourth quarter of fiscal year 2019 on lower demand from customers than the company expected. Though lead times on new machines have improved, falling dealer inventories are hurting the company’s bottom line and are expected to continue doing so into 2020. Fourth quarter sales fell […]
February 3, 2020
Construction Equipment
Cat sales jump 20% in 2018: Record profit per share, but stock dives
Despite the good news, Caterpillar also saw a 9% plummet in its stock on Monday, January 28, 2019. Get the latest news from Caterpillar on Equipment World.
February 3, 2019
Dealers
Cat Nov. dealer retail sales up 20% in North America
Retail sales reported by Caterpillar's North American dealers were up 20% in the month of November. Check out the latest retail numbers on Equipment World.
December 24, 2018
Dealers
North American Cat dealer retail sales up 21% in Oct.
North American Caterpillar dealer retail sales up 20% in October 2018, while North American construction industries saw an increase of 18%. Learn more here.
November 26, 2018
Dealers
Cat Financial posts 9% revenue increase in 3Q
This quarter's revenue increase was due to impacts from financing rates, average earning assets and from returned or repossessed equipment. Learn more here.
October 29, 2018
Dealers
Cat 3Q sales up 18%; tariffs and other costs spurring new price hikes
Caterpillar's Q3 sales numbers are up significantly. Get other heavy equipment industry news on how tariffs are impacting the heavy equipment market here.
October 23, 2018
Dealers
Largest Cat dealer Finning Q2 revenue jumps 21%
Second quarter revenue for the largest Caterpillar distributor Finning International jumped 21 percent to $1.58 billion, compared to the same period last year, driven by a 46-percent increase in new equipment sales on a consolidated basis. The company also cites product support revenue growth of 13 percent, indicating all operations reported higher parts demand. “Our […]
August 15, 2017
Construction Equipment
Caterpillar “more aggressive” on cost reduction cuts than anticipated due to market weakness
Caterpillar says weakness in key end markets has caused the company to be “more aggressive” than anticipated in the cuts it has made and the restructuring actions it has taken in the last 13 months as part of a sweeping cost reduction plan. With sales and revenues expected to be down 17 percent to $39 billion, fiscal 2016 will cap the first series […]
October 26, 2016
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