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Truck stocks keeps rolling despite tough North American market

  • Sales of Class 8 trucks are expected to be 220K to 250K this year, according to a forecast from PACCAR. The estimate is lower than an original forecast from the company for sales of 230K to 260K units.
  • While the market in Europe is the strongest it has been in eight years, sluggish demand in the U.S. is expected to continue. The most recent data from FTR shows the recent weak trend in North America. March sales came in at the worst level since 2010.
  • Investors have been showing more confidence in truck maker stocks this year. Navistar (NYSE:NAV) is up 53% YTD, while Cummins (NYSE:CMI) and PACCAR are both up over 26%. Oshkosh, a manufacturer of a wider variety of vehicles, is up 10% for the year.

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SymbolLast Price% Chg
NAV--
Navistar International Corporation