Paccar earned US$236.1m ($0.67 per share) in the first quarter of 2013 compared to $327.3m ($0.91) in the first quarter last year. First quarter 2013 net sales and financial services revenues were $3.92bn compared to $4.78bn a year ago.
“Paccar reported good revenues and net income for the first quarter of 2013,” said Mark Pigott, chairman and CEO. “Paccar’s truck segment results compared to last year reflect a decline in industry truck sales in North America due to slower economic growth.”
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Global truck markets
Harrie Schippers, DAF president, said: “It is estimated that industry sales in the above 16-tonne truck market in Europe this year will be in the range of 210,000-235,000 units compared to 222,000 units last year.”
“Class 8 industry retail sales for the US and Canada in 2013 are expected to be in a range of 210,000-240,000 vehicles, compared to the 225,000 vehicles sold in 2012, driven primarily by the ongoing replacement of the aging truck population, and projected economic growth in the second half,” said Dan Sobic, Paccar executive vice president. “The truck market should benefit from improvements in job growth and auto production, as well as increased housing starts and construction activity. Annual replacement demand for the US and Canadian truck market is estimated to be approximately 225,000 units,” added Sobic.
“Brazil is a major truck market with industry sales above six tonnes expected to increase in 2013 to over 140,000 units,” said Marco Davila, DAF Brazil president. “The production of DAF trucks in Brazil in late 2013 is an exciting development which will add to Paccar’s sales in South America.”
