By: Rob Wertheimer 

CAT dealer/retail sales in the three months ended December rose a remarkable 34%, up from the three month up 26% in November and 19% in October. Engines rose 19%, slightly less than in prior months. This magnitude of growth is similar only to post crisis, and to the melt up in 2004, a cycle that saw CAT underperform on margins as capacity and production systems proved inadequate to manage the growth.

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