Case and NHF say trade up on 1996
CASE Corporation and New Holland Finance both claim an increase in business during the second half of 1997.
For Case, net income announced for the second quarter increased by 25%, rising to a figure of $138m. This compares with the $110m for the same period last year.
The company says retail demand – which saw unit sales increase by 9% – restructuring and acquisitions (most recently Gem Sprayers), have all contributed to the companys growth.
Closer to home, New Holland Finance reckons UK farmers have invested 5.5% more money in New Holland equipment during the first half of 1997, compared with the same period last year.
Of the £105m worth of machinery it financed up to the end of June this year, combines accounted for 16%, forage harvesters 1.3%, balers 4.5% and implement sales 7.7%. Tractors accounted for 64.2% of sales. *