Skip to main content

Caterpillar reports drop in marine engine sales

Caterpillar continued to report a decline in marine engine sales, according to a dealer statistics report filed with the Securities and Exchange Commission.

Sales for the segment were down 36 percent in February, compared with February 2010, the company said. Marine engine sales were down 34 percent in January and 15 percent in December, compared with those months the previous year.

Caterpillar reported sales increases in the other segments it serves.

The company also filed a report with the SEC last week announcing a "targeted machine price action of 0 to 6 percent worldwide, based on a regional average."

"When implemented by product and by region we expect the aggregate price impact to be less than 1 percent in 2011," the company said.

The price change will be effective in July.

"This price change is a result of current industry factors, as well as general economic conditions," Caterpillar said. "Details by product will be released to dealers in the near future and will vary across geographic regions and products."

The report did not say how marine engines would be affected by this announcement.

Related

01_DROUGHT

Open for Business

Despite drought conditions in the western United States, boating remains popular on Lake Mead and elsewhere.

1_OIL.PRICE

Crude Weakens and Gas Prices Ease

West Texas Intermediate crude oil fell below $100 per barrel yesterday, while gasoline and diesel prices have slipped from their June highs.

1_RFA.NIXON

RFA Hires Executive Director

Robert Nixon brings fishing-policy expertise and lobbying experience to the group’s efforts to preserve anglers’ rights.

Teaser-Graphic-6-29-22_2

2022 Women in the Industry Summit, Leadership Panel, Awards Ceremony & Reception

MONDAY, SEPTEMBER 26, 2022, MARRIOTT TAMPA WATER STREET, TAMPA, FL

DealerOutlook

Seabins Coming to Lake Erie

The devices, deployed as part of a pilot program, skim and collect debris from the water, including microplastics. Meanwhile, MBIA announces scholarship funds.

1_BOATSETTER

Boatsetter Reports Uptick in Rentals

The on-water experience company has seen triple-digit growth in pontoon and party-boat rentals, as well as fishing and yacht charters.

1_SMARTGYRO

Smartgyro Signs Distributors, Hires Sales Manager

The company said the three U.S. distributors, working with Bob Walker, will help expand its dealer network and brand recognition.

1_YEARGIN

The Upside of a Downturn

Economic challenges should push you to develop a strategy that helps you weather the storm and come out stronger on the other side.