22 May 1998

Financed sales declining too

SPRING has seen an early peak in machinery buying, reports New Holland Finance.

Even so April saw New Holland Finance funding machinery investments to the tune of £12.5m – 7% less than March and 40% less than for the same period last year.

David Walton, UK country sales manager says: "The general trend towards borrowing over longer periods reflects the longer-term view the majority of customers are now taking."