Rush Enterprises, which operates the largest network of commercial vehicle dealerships in North America, has reported $17.4 million in net income for the second quarter, up from $12.5 million the same quarter a year ago.
One key to its success came from the company’s aftermarket parts sales. Rush says it set new records this quarter for aftermarket parts, service and body shop revenues, as well as medium-duty new truck sales and market share.
Rush President and CEO Rusty Rush credited the company’s strong sales to “strategy to expand the scope of aftermarket solutions we provide to the commercial vehicle market combined with our ability to offer a diverse product lineup of new trucks into a range of market segments.”
Rush says aftermarket services accounted for more than 62 percent of the company’s total gross profits for the second quarter of 2012. Second quarter parts, service and body shop revenues also increased by 22 percent compared to second quarter of 2011, Rush says.
“Our parts, service and body shop activity remained strong as a result of increased service needs of aging vehicles, continued service activity in the energy sector and expanded service offerings,” says Rush.