Cat dealer sales fall 10 pct
Caterpillar's total machine sales in were down 10% compared to a year ago according to the company's 8-K form that was filed today.
Caterpillar released sales statistics comparing August, July and June with the same period a year ago.
Total machine sales were worst in Latin America and Asia/Pacific, down 29% and 24% respectively. North America sales were up 8%.
The breakout for resource industry was awful, sales down worldwide 33% compared to a year ago. Latin America and Asia/Pacific were down 52% and 44% respectively. North America sales were down just 3%.
News sent Cat (NYSE:CAT) stock down 1.71% to $102.65. Year to date the company's stock is up 13%.