The age of the fleet and current fleet capacity utilization indicates that parts, service and body shop revenues should remain at a much improved levels that we have seen in the second and third quarters. Higher used truck values and increase backend revenues experience for the past two quarters are strong indicators that an industry recovery is taking place. We are encouraged by the uptick new Class 8 truck sales this quarter and believe we are seeing signs of confidence returning by some customers.Industry experts are forecasting 2011 US Class 8 truck sales to be 178,000 units up 63% over 2010 and Class 4 to 7 trucks sales will be up about 15%. We believe that as general economic confidence returns, we will see strong truck sales markets from 2011, 12 and 13. We are very proud of company’s performances this quarter.
Rush Enterprises Management Discusses Q3 2010 Results - Earnings Call Transcript
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