PACCAR 2011 Annual Report Download - page 20

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
PACCAR FINANCIAL SERVICES
PACCAR Financial Services (PFS), which supports the sale of PACCAR trucks
worldwide, increased retail market share to 31% and posted pretax profits of $236
million in 2011.
The PFS portfolio is comprised of nearly 145,000 trucks and trailers, with total assets of $9.4 billion. PACCAR’s
excellent balance sheet, complemented by its A+/A1 credit ratings, enabled PFS to issue $982 million in three-
year notes in 2011. Ongoing access to the capital markets at excellent rates allowed PFS to support the sale of
Kenworth, Peterbilt and DAF trucks in 21 countries on three continents.
PACCAR Financial Corp. (PFC) created a new web-based services portal that enables customers in the U.S.
and Canada to make electronic payments and obtain real-time account information, payment history and
monthly transaction summaries.
PACCAR Financial Europe (PFE) has $2.4 billion in assets and is the leading financial services provider to DAF
dealers and customers in 16 Western and Central European countries. PFE achieved a record 24% retail market
share in 2011. PFS sold more than 8,600 pre-owned PACCAR trucks worldwide in 2011. PFS added a third retail
used truck center in Salt Lake City, Utah, which complements PACCAR’s used truck online auction technology.
PACCAR Financial facilitates the sale of premium-quality PACCAR vehicles worldwide by utilizing leading-
edge information technologies to streamline credit processing, decision-making, electronic payments and
communication for dealers and customers.