Strong Aftermarket Performance
Aftermarket operations accounted for approximately 63% of the total gross profit in the third quarter, with parts, service, and collision center revenues reaching $642.7 million, an increase of 1.5% compared to the third quarter of 2024.
Resilient Medium-Duty Market
Despite a year-over-year decrease of 8.3% in medium-duty vehicle sales, performance outpaced the broader market, bolstered by a significant increase in bus sales following the acquisition of an IC Bus franchise in Canada.
Record Leasing Revenue
Rush Truck Leasing achieved record revenues of $93.3 million in the third quarter, up 4.7% year-over-year.
Stock Buyback and Dividend
Repurchased $9.2 million of common stock and paid a cash dividend of $14.8 million in the third quarter as part of an expanded $200 million repurchase authorization.