SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

 

 

FORM 6-K

 

 

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16 OF

THE SECURITIES EXCHANGE ACT OF 1934

For the month of March 2010

Commission File No. 333-05752

 

 

CNH GLOBAL N.V.

(Translation of Registrant’s Name Into English)

 

 

World Trade Center

Tower B, 10^th Floor

Amsterdam Airport

The Netherlands

(Address of Principal Executive Offices)

 

 

(Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.)

Form 20-F  x            Form 40-F   ¨

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule101(b)(1):  ¨

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule101(b)(7):  ¨

(Indicate by check mark whether the registrant by furnishing the information contained in this form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.)

Yes  ¨            No  x

(If “Yes” is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82-            .)

 

 

 

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CNH GLOBAL N.V.

Form 6-K for the month of March 2010

List of Exhibits:

 

1.

Registrant’s Summary North American Retail Unit Sales Activity For Selected Agricultural Equipment During the Month of February and Cumulative for 2 Months of 2010, Compared with Prior Year Periods, and Indicators of North American Dealer Inventory Levels for Selected Agricultural Equipment at the End of January 2010 Relative to Industry Results or Levels.

 

2.	Registrant’s Estimated North American Retail Unit Sales Activity For Selected Construction Equipment During the Month of February and Cumulative for 2 Months of 2010, Relative to Industry Results or Levels, Compared with Prior Year Periods.

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SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

March 12, 2010

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Summary North American Retail Unit Sales Activity

For Selected Agricultural Equipment

During the Month of February and Cumulative for 2 Months 2010, Compared with Prior Year Periods, and Indicators of North American Dealer Inventory Levels for Selected Agricultural

Equipment at the End of January 2010

Relative to Industry Results or Levels

The following table summarizes selected agricultural equipment industry retail unit sales results in North America as compared with prior year periods. Industry results for the current periods are expressed as a percentage change from the prior year periods, by major product category. The percentage change reflects only industry retail unit sales results and is derived from flash, or preliminary actual, data of the U.S. Association of Equipment Manufacturers (‘AEM’) and of the Canadian Farm and Industrial Equipment Institute (‘CFIEI’).

These industry data are based on unit sales as preliminarily reported by AEM and CFIEI member companies and include most, but not all, of the equipment sold in each of the categories. The data are subject to revision from time to time and caution should be maintained when using the data for any purpose. Actual results will vary and may not be known for some time. Over time, industry results will be adjusted to reflect actual sales differences, reclassifications, or other factors. Retail unit sales will fluctuate from month to month due to several factors, including timing of new products and new product introductions, product availability, and sales programs. CNH Global N.V.’s performance for the same periods is described relative to the change in industry results.

Also included in the table are indicators of North American dealer inventory levels. Industry data are derived from the flash, or preliminary actual, data of the AEM and CFIEI and expressed as the number of months of inventory on hand, based on the simple average of the previous 12 months retail unit sales results. CNH Global N.V.’s dealer’s inventory levels for the same periods are described relative to the industry levels.

This information reflects point-in-time data that is not necessarily representative of either the market or of CNH Global N.V.’s relative performance going forward, nor does it reflect or imply any forward-looking information regarding the market or CNH Global N.V.’s relative performance in that market.

Copies of the relevant monthly Agricultural Flash reports from AEM and CFIEI follow the table.

 

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SUMMARY OF NORTH AMERICAN RETAIL ACTIVITY

 

CATEGORY		Total North American Industry		CNH RELATIVE PERFORMANCE (All Brands)
RETAIL UNIT SALES:		February 2010
Month to Date
Agricultural Tractors:
under 40 horsepower (2WD)		(8.6)%		Down moderate double digits, significantly more than the industry
40 to 100 horsepower (2WD)		(18.1)%		Down moderate double digits, significantly more than the industry
over 100 horsepower (2WD)		8.6%		Up low double digits, moderately more than the industry
4 wheel drive tractors		19.4%		Up low double digits, moderately less than the industry
Subtotal tractors over 40 hp		(6.7)%		Down low double digits, moderately more than the industry
Total Ag tractors		(7.5)%		Down low double digits, moderately more than the industry
Combines		(7.7)%		Up low double digits, significantly better than the industry
Year to Date
Agricultural Tractors:
under 40 horsepower (2WD)		(5.3)%		Down moderate double digits, significantly more than the industry
40 to 100 horsepower (2WD)		(12.6)%		Down moderate double digits, significantly more than the industry
over 100 horsepower (2WD)		20.7%		Up mid single digits, moderately less than the industry
4 wheel drive tractors		12.7%		Up mid single digits, moderately less than the industry
Subtotal tractors over 40 hp		0.2%		Down low double digits, moderately worse than the industry
Total Ag tractors		(2.1)%		Down low double digits, significantly more than the industry
Combines		2.4%		Up mid single digits, slightly more than the industry
AG DEALER INVENTORIES:		January 2010
End of the month
Agricultural Tractors:
under 40 horsepower (2WD)		6.8 months supply		> 1 month less than the industry
40 to 100 horsepower (2WD)		5.9 months supply		> 1 month less than the industry
over 100 horsepower (2WD)		3.9 months supply		In line with the industry
4 wheel drive tractors		2.1 months supply		1/2 months less than the industry
Total tractors		5.9 months supply		> 1 month less than the industry
Combines		1.1 months supply		In line with the industry

 

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February 2010 Flash Report

United States Unit Retail Sales

(Report Released 3/10/2010)

Copyright, AEM. All rights reserved. If data is referenced, please acknowledge AEM as the source.

 

		February						YTD - February						Beginning Inventory February
		2010		2009		%Chg		2010		2009		%Chg		2010
2WD Farm Tractors
< 40 HP		3,613		3,860		-6.4		6,836		7,121		-4.0		45,016
40 < 100 HP		2,377		2,872		-17.2		5,184		5,936		-12.7		24,092
100+ HP		1,742		1,601		8.8		4,112		3,385		21.5		7,207
Total 2WD Farm Tractors		7,732		8,333		-7.2		16,132		16,442		-1.9		76,315
4WD Farm Tractors		373		284		31.3		633		522		21.3		776
Total Farm Tractors		8,105		8,617		-5.9		16,765		16,964		-1.2		77,091
Self-Prop Combines		475		534		-11.0		1,056		1,042		1.3		854

These data are, in part, estimates that are subject to revisions when final detail data become available. Because of the seasonal nature of the industry, comparisons of monthly data from one period to another should be done with extreme caution. These data represent most, but not all, of the manufacturers in each product category being sold at retail in the fifty states and District of Columbia.

 

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February 2010 Flash Report

Canada Unit Retail Sales

(Report Released 3/10/2010)

Copyright, AEM. All rights reserved. If data is referenced, please acknowledge AEM as the source.

 

		February						YTD - February						Beginning Inventory February
		2010		2009		%Chg		2010		2009		%Chg		2010
2WD Farm Tractors
< 40 HP		280		398		-29.6		735		879		-16.4		6,291
40 < 100 HP		293		390		-24.9		665		758		-12.3		3,014
100+ HP		205		192		6.8		436		388		12.4		1,729
Total 2WD Farm Tractors		778		980		-20.6		1,836		2,025		-9.3		11,034
4WD Farm Tractors		83		98		-15.3		150		173		-13.3		240
Total Farm Tractors		861		1,078		-20.1		1,986		2,198		-9.6		11,274
Self-Prop Combines		109		99		10.1		161		146		10.3		242

These data are, in part, estimates that are subject to revisions when final detail data become available. Because of the seasonal nature of the industry, comparisons of monthly data from one period to another should be done with extreme caution. These data represent most, but not all, of the manufacturers in each product category being sold at retail in Canada.

 

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Estimated North American Retail Unit Sales Activity

For Selected Construction Equipment

During the Month of February and cumulative for 2 Months of 2010,

Relative to Industry Results or Levels, Compared with Prior Year Periods

The following table summarizes CNH’s estimates of selected construction equipment industry retail unit sales results in North America as compared with prior year periods. Estimated industry results for the current periods are expressed in terms of the percentage change from the prior year periods, by major product category.

These industry preliminary estimates are based on unit sales and are believed to include most, but not all, of the equipment sold in each of the categories. The estimates are subject to revision from time to time and caution should be maintained when using the data for any purpose. Actual results will vary and may not be known for some time. Over time, industry results also will be adjusted to reflect actual sales differences, reclassifications, or other factors. Retail unit sales will fluctuate from month to month due to several factors, including timing of new products and new product introductions, product availability, and sales programs. CNH Global N.V.’s performance for the same periods is described relative to the change in industry results.

This information reflects point-in-time data that is not necessarily representative of either the market or of CNH Global N.V.’s relative performance going forward, nor does it reflect or imply any forward-looking information regarding the market or CNH Global N.V.’s relative performance in that market.

ESTIMATED NORTH AMERICAN RETAIL ACTIVITY

 

CATEGORY		Total North American Industry		CNH RELATIVE PERFORMANCE (All Brands)
RETAIL UNIT SALES:		February 2010
Month to Date
Loader/backhoes		Down mid single digits		Up high double digits, significantly better than the industry
Skid Steer Loaders		Up mid single digits		Down moderate double digits, significantly worse than the industry
Total Light Equipment*		Up mid single digits		Down low double digits, significantly worse than the industry
Total Heavy Equipment**		Down moderate double digits		Down moderate double digits, in line with the Industry
Year to Date
Loader/backhoes		Down low double digits		Down mid single digits, moderately less than the industry
Skid Steer Loaders		Down mid single digits		Down moderate double digits, significantly more than the industry
Total Light Equipment*		Down high single digits		Down low double digits, moderately more than the industry
Total Heavy Equipment**		Down moderate double digits		Down moderate double digits, moderately more than the industry

 

*	As of January 1, 2009 compact track loaders and rough terrain forklift have been included in light equipment, as industry volume estimates are available for both 2008 and 2009.

**	As of January 1, 2009 crawler loaders have been excluded from heavy equipment, as units volumes are no longer significant.

 

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