Record Quarterly Revenues for PACCAR Parts
PACCAR Parts achieved record quarterly revenues of $1.7 billion and quarterly pretax income of $427 million, marking a continuation of growth following a record-setting 2024.
Strong Financial Services Performance
PACCAR Financial Services reported a robust pretax income of $121 million, a 6% increase from $114 million in the first quarter of last year, reflecting solid portfolio growth and strong credit quality.
Connected Vehicle Growth
PACCAR Parts is beginning to benefit from the life data of 600,000 connected Kenworth, Peterbilt, and DAF trucks, enhancing operational efficiency and vehicle uptime for customers.
Capital Investments in Technology and Innovation
PACCAR plans capital investments of $700 million to $800 million and R&D expenses of $450 million to $480 million in 2025, focusing on next-generation powertrains, advanced driver assistance systems, and integrated connected vehicle services.