Paccar Inc. posted record Q1 sales and earnings, increasing production despite stubborn supply chain disruptions. The company reaped benefits from a practically all-new lineup of medium- and heavy-duty trucks introduced over the last year.
“Paccar’s investments in vehicle, powertrain and technology initiatives are delivering increased profitability,” CEO Preston Feight said in a press release. The Bellevue, Washington-based company delivered 43,000 trucks in the quarter. The newly introduced models accounted for one in three units produced. Current generation trucks will be sold well into 2023.
