Mack Boasts Record Sales, Increases Share
February 23, 2000
With record sales for 1999 and seven straight years of market share growth, Mack Trucks is "as strong as it's been in our 100-year history," says president and ceo Michel Gigou.
The Allentown, PA, based manufacturer contributed $204 million to the 1999 operating profits of parent Renault V.I./Mack Group, up from $105 million in 1998. Sales for the year were a record $3.8 billion, up from $2.77 billion in 1998. Mack's 1999 Class 8 U.S. retail sales totaled 34,264, up 28% from 1998. It ended the year with a 13.1% share of the heavy truck market, up from 12.8% in 1998.
Mack Canada's sales were 2,858 units, down slightly from 1998. It's market share slipped from 10% to 9.3%.
The company's major overseas subsidiary, Mack Trucks Australia Pty. Ltd., increased sales by 6% to 746 units. It's market share rose from 11.8% to 12.1%, buoyed by the introduction of five new trucks models during the year.
Mack's total vehicle production was 39,028, up 18.7% from 1998.