Paccar predicts market improvement

With the release of its sales figures for 2010, Paccar is predicting a significant increase in truck sales in both Europe and the North American markets for 2011. After seeing sales increase in both Europe and the US in 2010, when compared to 2009, Paccar announced net sales and financial service revenues of over US$10 billion creating over US$450 million profit on its sales.

When talking about the coming year the company expected truck sales of 15 tonnes in Europe to increase from 183,000 in 2010 to as much as 240,000 in 2011. At the same time it is predicting an increase in the Class 8 heavy duty truck market in the US and Canada from 126,000 in 2010 up to as high as 200,000 this year.

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