Paccar aftermarket parts business sets revenue record
Paccar says its aftermarket parts business achieved record annual revenues in 2013.
Bob Christensen, chief financial officer and Paccar executive vice president, says the ongoing growth in aftermarket part sales has been driven by the company’s investment in distribution, technology and products, including the growth of Paccar Parts’ global TRP brand targeted at all truck makes and models, trailers and buses.
“Improving fleet utilization and the age of the North American truck fleet are contributing to excellent parts and service business. Paccar’s 16 parts distribution centers support over 2,000 DAF, Kenworth and Peterbilt dealer locations to deliver industry-leading customer service,” says David Danforth, PACCAR Parts general manager. “During 2013, PACCAR completed construction of a new 280,000-square-foot distribution center in Eindhoven, the Netherlands, established a PDC in Ponta Grossa, Brasil, and doubled the warehouse space in the Lancaster, Pennsylvania, PDC.”
The company also revealed big news regarding its engines, noting Paccar has installed more than 51,000 MX-13 engines in Kenworth and Peterbilt trucks in North America since the start of production in 2010.
In the fourth quarter of 2013, the PACCAR MX-13 engine was installed in 37 percent of Kenworth and Peterbilt heavy-duty trucks,” Craig Brewster, PACCAR vice president, says.
Company-wide, Paccar reported record annual revenues of $17.12 billion and net income of $1.17 billion for 2013.