PACCAR Inc (NASDAQ:PCAR) Q4 2022 Earnings Call Transcript

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David Raso: Okay. And then real quick on the near term, that the gap between used and new prices on tractor sleepers is getting obviously a lot wider than it was six months ago. How does that usually manifest itself? Is that more about maybe residual values getting marked down a little bit on leases, like how does that usually begin to flow into your business model when you see the gap between your used tractors and the new prices widening the way it’s been the last few months?

Harrie Schippers : David, I would say that both on tractors and sleepers. PACCAR Financial does really well selling those trucks at premium pricing. And it’s part of the success of the company that we build trucks that get a premium, whether it’s in a new truck market or in the used truck market and benefits the finance company and benefits the truck divisions as well.

Operator: There are no other questions in queue at this time. Are there any additional remarks from the company?

Preston Feight: We’d like to thank everyone for joining the call and thank you operator.

Operator: Ladies and gentlemen, this concludes PACCAR’s earnings call. Thank you for participating. You may now disconnect.

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