Deliveries of medium- and heavy-duty trucks in the U.S. totaled 26,679 units in November, up 13.4% on a daily rate basis from the 24,464 big rigs delivered year-ago.
|Sales of medium- and heavy-duty trucks were up 13.4% in November.|
Heavy-duty (Class 8) sales increased 8.4% to 12,150 units from the 11,659 delivered year-ago. (See related data: Ward's U.S. New Truck Sales by Weight Class)Inc. strengthened its second-place market-share position by three points with a 24.9% sales increase. However, Freightliner Corp, which saw its sales decline 0.3%, continues to dominate the segment with a 41.4% share.
Medium-duty (Class 4-7) sales increased 18.0% to 14,529 units from like-2002’s 12,805. Class 7 deliveries hit 4,858 units, down 5.1% from the 5,326 trucks delivered during like-2002. International Truck and Engine Corp. widened its market-share lead over Freightliner from 4.1 share points to 12.7 by posting a 12.4% sales increase.
Class 6 sales surged 35.2% to 4,216 from 3,244, while Class 5 deliveries increased 33.6%. Class 4 sales totaled 3,090 units, up 34.2% from the 2,394 rigs delivered year-ago.
Eleven months into 2003, medium- and heavy-duty sales total 293,776, down 1.2% from the 297,399 trucks delivered year-ago.
Year-to-date sales of Class 4-8 trucks equal a 320,000-unit seasonally adjusted annual rate (SAAR), identical to like-2002. November sales translate to a 380,000-unit SAAR, up from year-ago’s 340,000.
Inventories of medium-duty rigs stood at 47,812 units, or an 82 days’ supply, in November. That compares with year-ago’s 48,728, or a 99 days’ supply. Stocks of heavy-duty trucks totaled 26,189, or a 54 days’ supply, in November. That compares with year-ago’s 24,776 units, or a 55 days’ supply.
In other big-truck news:
- Navistar International Corp., which owns International Truck and Engine Corp., reports fiscal-year fourth-quarter earnings totaled $77 million, equal to $1.00 per share, vs. year-ago’s loss of $405 million, or $6.67 per share. Fourth-quarter revenues hit $2.0 billion, about even with like-2002. Revenues for the year ending Oct. 31 totaled $7.3 billion, up from $6.8 billion a year earlier. The net loss for 2003 is $18 million, equal to $0.27 per share, vs. a loss of $536 million, or $8.88 per share, in 2002.
- Oshkosh Truck Corp. says that it has been selected by Northrop Grumman Corp. and Raytheon Co. to supply HEMTT M983 tractors and engineering support for the Kinetic Energy Interceptors (KEI) U.S. military program. Towing a trailer, the HEMTTs are used to position the KEIs.
- Inc. will issue one share of stock for every two shares held by stockholders of record as of Jan. 19. The new shares will be issued on Feb. 5. PACCAR also will pay a cash dividend of $1.20 per share payable on Jan. 5 to stockholders of record at the close of business on Dec. 19.