Bob Schatz for TT
Rush Enterprises said its third-quarter profit increased to $15.2 million, or 37 cents a share, from $14.9 million, or 38 cents, a year ago. Sales rose 22.5% to $913.1 million.
The truck dealer said Class 8 retail sales increased 15% from the same time last year and accounted for 5.2% of the U.S. market.
Rush Enterprises is the only major publicly traded U.S. truck dealership, specializing in Peterbilt and Navistar International Corp. Class 8 tractors.
“We are encouraged by Navistar's progress over the past several months in regaining customer confidence in their truck and engine combinations. This was evidenced by their increase in order intake in September, the highest since December of 2011. We believe there is strong marketplace acceptance of the Cummins ISX 15-liter engine and Cummins SCR technology on the MaxxForce 13-liter engine in Navistar's Class 8 products,” Chairman and CEO W.M. “Rusty” Rush said in a statement.