Form 6-K

 

 

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 August 2008

Commission File No. 333-05752

CNH GLOBAL N.V.

(Translation of Registrant’s Name Into English)

World Trade Center

Tower B, 10th 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-                     .)

 

 

 


CNH GLOBAL N.V.

Form 6-K for the month of August 2008

List of Exhibits:

 

1. Registrant’s Summary North American Retail Unit Sales Activity For Selected Agricultural Equipment During the Month of July and Cumulative for 7 Months of 2008, Compared with Prior Year Periods, and Indicators of North American Dealer Inventory Levels for Selected Agricultural Equipment at the End of June 2008 Relative to Industry Results or Levels.

 

2. Registrant’s Estimated North American Retail Unit Sales Activity For Selected Construction Equipment During the Month of July and cumulative for 7 Months of 2008, Relative to Industry Results or Levels, Compared with Prior Year Periods.


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.

 

CNH Global N.V.
By:   /s/ Rubin J. McDougal
 

Rubin J. McDougal

Chief Financial Officer

August 13, 2008


CNH Global N.V.

Summary North American Retail Unit Sales Activity

For Selected Agricultural Equipment

During the Month of July and Cumulative for 7 Months 2008,

Compared with Prior Year Periods, and Indicators of

North American Dealer Inventory Levels for Selected Agricultural

Equipment at the End of June 2008

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.


Page 2    CNH Global N.V.    July N.A. Activity

 

SUMMARY OF NORTH AMERICAN RETAIL ACTIVITY

CATEGORY

   Total North
American
INDUSTRY
 

CNH RELATIVE PERFORMANCE

(All Brands)

RETAIL UNIT SALES:

MONTH of July 2008

    

Agricultural Tractors:

under 40 horsepower (2WD)

   (11.5)%   Down moderate double digits, significantly worse than the industry
40 to 100 horsepower (2WD)    (7.4)%   Down, equal to the industry
over 100 horsepower (2WD)    +38.1%   Up high single digits significantly less than the industry
4 wheel drive tractors    +48.5%   Up high double digits slightly less than the industry
Sub total tractors over 40 hp    +1.0%   Down low single digits, in line with the industry
Total Ag tractors    (6.0)%   Down low double digits, moderately worse than the industry
Combines    +31.2%   Up high double digits, moderately more than the industry

RETAIL UNIT SALES:

7 MONTHS 2008

    

Agricultural Tractors:

under 40 horsepower (2WD)

   (10.2)%   Down moderate double digits, significantly worse than the industry
40 to 100 horsepower (2WD)    (9.4)%   Down high single digits, in line with the industry
over 100 horsepower (2WD)    +25.5%   Up moderate double digits, slightly less than the industry
4 wheel drive tractors    +25.3%   Up moderate double digits, in line with the industry
Sub total tractors over 40 hp    (1.0)%   Up low single digits, in line with the industry
Total Ag tractors    (6.1)%   Down low double digits, slightly worse than the industry
Combines    +21.2%   Up moderate double digits, equal to the industry

AG DEALER INVENTORIES:

END OF June 2008

    

Agricultural Tractors:

under 40 horsepower (2WD)

   6.6 months supply   >1 month more than the industry
40 to 100 horsepower (2WD)    5.7 months supply    1/2 month more than the industry
over 100 horsepower (2WD)    2.5 months supply    1/2 month more than the industry
4 wheel drive tractors    1.9 months supply   in line with the industry
Total tractors    5.7 months supply   in line with the industry
Combines    2.4 months supply   in line with the industry


Page 3

July 2008 Flash Report

United States Unit Retail Sales

(Report Released 8/11/2008)

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

 

     July    YTD - July    Beginning
Inventory
July 2008
     2008    2007    %
Chg
   2008    2007    %
Chg
  

2WD Farm Tractors

                    

< 40 HP

   9,185    10,885    -15.6    66,550    76,595    -13.1    59,949

40 < 100 HP

   6,518    7,176    -9.2    42,473    48,145    -11.8    35,501

100 + HP

   1,759    1,178    49.3    14,996    11,884    26.2    4,696
                                  

Total 2WD Farm Tractors

   17,462    19,239    -9.2    124,019    136,624    -9.2    100,146

4WD Farm Tractors

   293    205    42.9    2,257    1,990    13.4    650
                                  

Total Farm Tractors

   17,755    19,444    -8.7    126,276    138,614    -8.9    100,796

Self-Prop Combines

   857    750    14.3    3,852    3,402    13.2    1,074

LOGO

These data are, in part, estimates that are subject to revisions when final detail data becomes 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.


Page 4

July 2008 Flash Report

Canada Unit Retail Sales

(Report Released 8/11/2008)

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

 

     July    YTD - July    Beginning
Inventory
July 2008
     2008    2007    %Chg    2008    2007    %Chg   

2WD Farm Tractors

                    

< 40 HP

   1,416    1,096    29.2    8,649    7,159    20.8    6,274

40 < 100 HP

   624    540    15.6    4,694    3,924    19.6    3,225

100 + HP

   240    270    -11.1    2,658    2,183    21.8    1,221
                                  

Total 2WD Farm Tractors

   2,280    1,906    19.6    16,001    13,266    20.6    10,720

4WD Farm Tractors

   56    30    86.7    801    450    78.0    137
                                  

Total Farm Tractors

   2,336    1,936    20.7    16,802    13,716    22.5    10,857

Self-Prop Combines

   497    282    76.2    1,203    770    56.2    765

LOGO

These data are, in part, estimates that are subject to revisions when final detail data becomes 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.


Page 5

CNH Global N.V.

Estimated North American Retail Unit Sales Activity

For Selected Construction Equipment

During the Month of July and cumulative for 7 Months of 2008,

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 – July 2008

CATEGORY

  

Total North

American

INDUSTRY

  

CNH RELATIVE PERFORMANCE

(All Brands)

RETAIL UNIT SALES:

MONTH of July 2008

     
Loader/backhoes    Down moderate double digits    Down low double digits, Moderately better than the industry
Skid Steer Loaders    Down low double digits    Up mid-single digits, Significantly better than the industry
Total Light Equipment    Down low double digits    Down mid-single digits, Moderately better than the industry
Total Heavy Equipment    Down low double digits    Down high-single digits, Moderately better than the industry

RETAIL UNIT SALES:

7 MONTHS 2008

     
Loader/backhoes    Down moderate double digits    Down moderate double digits Moderately worse than the industry
Skid Steer Loaders    Down low double digits    Down low double digits, Moderately worse than the industry
Total Light Equipment    Down moderate double digits    Down moderate double digits, In line with the industry
Total Heavy Equipment    Down moderate double digits    Down moderate double digits, Moderately worse than the industry