Transport Topics Online
The Newspaper of Trucking and Freight Transportation
Welcome  Guest  Log In         
7/26/2012 11:15:00 AM Write a Letter to the Editor Write a letter to the Editor

Rush’s Income Rises on Higher Truck, Aftermarket Sales

Truck dealership Rush Enterprises reported a higher second-quarter profit on higher truck and aftermarket sales.

Net income increased to $17.4 million, or 44 cents a share, from $12.5 million, or 32 cents, a year ago. Revenue jumped 26% to $835.8 million.

Its Class 8 retail sales rose 19%, Rush said. Aftermarket services accounted for more than 62% of the company’s profit, while parts, service and body shop revenues rose 22%.

Rush delivered 2,813 new heavy-duty trucks, up from 2,363 a year ago, 2,141 new medium-duty trucks, up from 1,514, 343 light-duty trucks, up from 314, and 1,242 used trucks, up from 1,156.

“Used truck sales and residual values remained steady throughout the quarter and are expected to continue at current levels for the remainder of 2012,” CEO W. M. “Rusty” Rush said in a statement.

By Transport Topics

Follow Transport Topics on Subscribe to get up to the minute news briefs and more from our feeds. RSS Twitter Twitter Facebook Facebook

© 2012, Transport Topics Publishing Group. All rights reserved.


  RELATED ARTICLES

 
LATEST NEWS



 
LATEST JOBS
Follow Us

Newsletters

TTExpress
This free daily newsletter delivers the latest headlines.

TT Executive Suite
This subscriber-only newsletter program tailors your news.

Services

Advertising




© American Trucking Associations, Inc., All Rights Reserved TTNews.com Privacy Statement