hiclesFoden Trucks – Alpha Range (Class 8)Aftermarket Truck PartsPaccar Parts (PPD) shipped more than 8.5 million line items and achieved 99.7 percent accuracy during the year. It also led the industry in the development of aftermarket inventory management technology. In 1999, Managed Dealer Inventory (MDI) was introduced to electronically update and manage Kenworth and Peterbilt dealer’s parts stock. A linked system, called Connect, was installed last year to allow dealers to manage their customer’s inventories. These two complementary programs provide a comprehensive parts system management. Both are available to dealers and drivers on a 7-day, 24 hour (7/24) call option.WinchesOne of Paccar’s oldest divisions, its origins date back to 1934 when Paul Pigott, son of the founder, acquired the American Car and Foundry Company which had merged with the original Seattle Car Manufacturing Company. Under his guidance, the company introduced the Carco line of power winches for use on crawler tractors in the logging industry. This product line later became the basis for Paccar’s winch division that now includes Braden, Carco and Gearmatic winches.Financial ServicesPACCAR Financial Corporation (PFC), was formed in 1980 to offer full-service leasing and rental programs through Paccar’s dealer network. Due to increased demand, PFC’s assets surpassed the $3 billion mark for the first time in 1999. Paccar operates 167 leasing centers, including 30 in Mexico. The PacLease fleet increased to over 12,500 vehicles, making Paccar Leasing one of the largest full-service truck rentals and leasing networks in North America. The addition of new Class 5-7 truck products provides an excellent opportunity for PFC to grow its business.CONCLUDING INTRODUCTORY REMARKSPACCAR is a significant player in an automotive industry that has become increasingly more competitive as global consolidation continues. Paccar ...
