In 2012, Paccar produced 123,000 units, making it the world’s fourth largest producer of heavy trucks after Daimler, Volvo and VW’s truck division. Including sub-16t trucks, Paccar delivered 140,400 units in 2012 and is estimated to have sold slightly fewer in 2013.
On a corporate level, 2014 will be a key year for Paccar. Chief Executive Mark Pigott, the great-grandson of Paccar’s founder, William Pigott, will step down after 17 years, to be replaced by the OEM’s current President, Ronald Armstrong.
Operationally, 2014 will also mark the first full year of production at Paccar’s new Brazilian factory. Over the forecast period, Paccar is expected to decide on a new 10-15,000upa assembly plant in eastern Europe, with Russia believed to be one of the OEM’s target locations.
In the period 2014-2018, Paccar’s output is anticipated to rise by over 20% to just under 168,000 units by 2018.
Table of contents
Chapter 1: Background
Chapter 2: Markets and models
Chapter 3: Production strategy