Caterpillar sees boost in marine-engine sales - Trade Only Today

Caterpillar sees boost in marine-engine sales

Author:
Publish date:

Caterpillar's marine engine sales were up for the three-month rolling period of May to July, compared to the same period last year, according to a dealer statistics report filed with the Securities and Exchange Commission.

Sales were up 20 percent in May, 15 percent in June and 1 percent in July for the marine sector, compared to sales in those months for 2008. Sales were down in every other sector, Caterpillar reported.

Caterpillar reported a drop in worldwide sales for all its products for this same period, with North American sales down 43 percent in May, 47 percent in June and 48 percent in July.

The Latin American market saw the lowest decline in sales, with a 21 percent drop in May, 23 percent in June and 28 percent in July.

Related

VIDEO: IBEX Interviews

Trade Only Today talks with Ron Huibers of Volvo Penta of the Americas, Huw Bower of the Brunswick Boat Group, Don Hopkins and Bill Szekesy of QMI Group, and Brad Burton of Albin Pump Marine LLC.