Paccar achieved record profit in 2022

By Redação AutoIndústria | 2/16/23 | Translated by Jorge Meditsch

PaccDespite the semiconductors shortage that marked the world automotive sector’s operations last year, various companies are revealing positive results in 2022. That’s the case of Paccar, which registered record revenue and net profit record in 2022, according revealed this Thursday, 2/16, by executive director Preston Feight.

“Paccar’s excellent results reflect the strong worldwide demand for new models of premium quality from DAF, Peterbilt and Kenworth, record profits in the replacement parts market and a strong financial services performance. I am very proud of our collaborators and dealers who delivered excellent trucks and transportation solutions to our customers”, told Feight.

With a US$ 8.13 billion revenue in the fourth quarter of 2022, the manufacturer closed the year with a total of US$ 28.82 billion, compared to US$ 23.52 billion in 2021. Last year, the company’s net profit reached US$ 3.01 billion, with a 10.4% return after taxes.

“Besides manufacturing the most inclusive truck lineup of its history, including the new heavy-duty DAF XG+, XG, XF and XD, the heavy Peterbilt 579 and Kenworth T680 and the medium Kenworth and Peterbilt, Paccar keeps investing in the next generation of products and technologies to improve even more its customers’ operational efficiency”, emphasized the executive director.