Caterpillar Machine Sales Continue Decline, Led by Latin America
- World sales fell 17% in 3-month period, Latin America down 35%
- One bright spot is Asia, where sales up first time since 2012
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Caterpillar Inc., the world’s largest maker of construction and mining equipment, reported for the 45th consecutive month that rolling global retail machine sales fell, led by declines in Latin America.
Total machine sales reported by dealers fell 17 percent in the three months through August from a year earlier, which compares with a 19 percent drop in the quarter through July, the Peoria, Illinois-based company said Wednesday in a filing.