Americans continued to snap up pickup trucks in the first quarter of the year, even as the overall auto market showed signs of cooling.
Orders for trucks in the heaviest Class 8 weight segment posted a big gain in February over the same period a year ago and point to a rebound for the trucking industry.
After a dismal 2016, orders for new heavy-duty trucks turned up in January, surpassing trucking industry expectations.
Nissan, in last place in big pickup truck sales in U.S., increases warranty to five-years, 100,000 miles to capture buyers.
Toyota, Nissan and other Asian automakers dominate U.S. sedan sales and do well in midsize pickups. So why can’t they catch a break with full-size trucks?
Orders for large trucks fell 57 percent year-over-year as trucking companies hold off on purchases because shipping and freight demand is falling.
Paccar said second quarter profits rose compared to a year earlier but truck manufacturer lowers its industry sales forecast.
Cost cutting and improved market share help push truck manufacturer Navistar International Inc. to report its first quarterly profit in 3 years.