X

OEM quarterly round-up

Jason Cannon November 8, 2013

The company announced a third quarter 2013 net loss of $247 million, down significantly from the third quarter 2012 net income of $84 million.

Navistar Chief Operating Officer Jack Allen says the company’s goal is to get its marketshare back to historical levels of 20-plus percent, and the company’s third quarter performance show they are trending in the right direction.

“Truck orders are a blend of dealer and customer orders for near-term fulfillment,” he adds. “There’s little dealer stock on the Class 8 side. It’s sold-order driven. We’re certainly not declaring victory but we’re encouraged by the repeat business.”

For full details from Navistar, click HERE.

View this article on one page

Poll

Have truck sales the first 3 months of 2014 changed your expectations for year-end sales?

Latest

Truck sales expected to grow this year

Used truck market normalizing

Inland Kenworth moves to larger facility

Popular

Guidance for dealing with a termination

Decisiv, Ryder create maintenance partnership

Freightliner of St. Cloud CFO inducted into DTNA CIC Summit Club