"Kenworth and Peterbilt increased their U.S. Class 8 retail sales market share from 19.7% in 2001 to a record 23.7% in 2002," announced David Hovind, vice chairman of Paccar.

"Kenworth continues to be the market share leader in Mexico and Australia. Customers recognize the superior quality that Kenworth and Peterbilt trucks deliver, as well as the high residual value earned after three to five years of rigorous use, both of which are critical factors in the decision to buy a premium product. DAF increased its record market share in Europe to 12.2% in the above 15T market, as well as increasing its market share in the 6-15T market to 8.6% percent."
Tom Plimpton, president, said, "Paccar achieved a record 6.7% registration share in the Class 6-7 truck and tractor market in the U.S. and Canada. Kenworth and Peterbilt are the fastest-growing medium-duty products in the marketplace and this growth has contributed to our dealers' profitability. Paccar has established a solid framework to continue to grow its medium-duty market share."
Paccar is a leader in the design, manufacture and customer support of light-, medium- and heavy-duty trucks under the Kenworth, Peterbilt, DAF and Foden nameplates. It also provides financial services and distributes truck parts related to its principal business. In addition, the Bellevue, Wash.-based company manufactures winches under the Braden, Gearmatic and Carco nameplates.