Demand for remanufactured Caterpillar engines is on the rise.
Recently, Caterpillar Engine Sales, National Power Supply says, saw an increase of 20 percent. With a significant increase in Caterpillar Engine Sales, the company says it has hired more diesel engine specialists.
Company officials are considering the 20 percent spike a preview of what’s about to come. National Power Supply believes that Caterpillar Engine Sales will continue to increase in the near future.
According to National Power Supply, they believe that Caterpillar’s strong branding in the industry, has been quite advantageous when customers are looking for a deal on a remanufactured engine. Also, the company believes emerging markets have played a major role in increasing its engine sales. In the last couple of years, many new facilities have been opened and existing operations have been expanded, particularly in new emerging markets.
Customer demand of remanufactured Caterpillar engines has improved all across the globe, National Power Supply says. As a result, sales and revenues have seen a record high for the last quarter.