Over-the-road truck sales remain soft, but Peterbilt mega-dealer Rush Enterprises says it continues to see growth in the parts and service side of its business.

Moreover, truck sales are strong in niche markets such as oil and gas, refuse and construction.
Rush operates the largest network of Peterbilt heavy duty truck dealerships in North America plus John Deere construction equipment dealerships in Texas and Michigan, and three D&D farm and ranch “superstores.”
For second quarter 2001 it reported a net income of $1.5 million, down 15.7% from second quarter 2000, and gross revenues of $199.3 million, a 19.8% decrease from the same period last year. Results include $1.25 million in pretax truck valuation and repossession losses plus a $900,000 increase in loss reserves.
The company’s heavy duty truck segment had revenues of $160.8 million, compared to $210.4 million in the second quarter of 2000. It sold 998 new trucks and 524 used trucks, compared to 1,653 new trucks and 558 used trucks for the same period last year. Parts, service and body shop sales increased 10%, to $46.3 million.