PHOENIX — Kenworth Truck Co. revealed its first all-new medium-duty trucks in 30 years on Monday, featuring taller and wider cabs adapted from their Class 8 siblings.
The PACCAR Inc. (NASDAQ: PCAR) brand captured 11.7% of the medium-duty market in 2020. That was a record despite an aging lineup.
Now, with fresh products coming in the third quarter from Class 5 to a small Class 8, Kenworth is targeting leasing and sales to individuals at the lower end of the range. It emphasis has been Class 7...