PACCAR Inc. (NASDAQ: PCAR) set a record for sales of truck parts in the first quarter, suggesting that an industry backlog constrained by supply chain shortages is prompting truck owners to hold on to their older equipment longer.
“Inventory is relatively tight right now,” PACCAR CEO Preston Feight said on the company earnings call Tuesday. “The industry is at 1.9 months. We’re at 1.7. I wouldn’t expect to see a lot of change in that given the demand that is out there. I think that inventory is...
https://www.freightwaves.com/news/flush-with-new-models-paccar-posts-strong-q1-numbers