PACCAR 2012 Annual Report Download - page 20

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P A C C A R F I N A N C I A L S E R V I C E S
PACCAR Financial Services (PFS), which supports the sale of PACCAR trucks worldwide,
achieved retail market share of 31% and earned pretax profits of $308M in 2012.
The PFS portfolio is comprised of more than 154,000 trucks and trailers, with total assets of $10.8 billion.
PACCAR’s excellent balance sheet, complemented by its A+/A1 credit rating, enabled PFS to issue $2.2 billion in
two-, three-, and five-year notes in 2012. Ongoing access to the capital markets at historic low rates allowed PFS
to support the sale of Kenworth, Peterbilt and DAF trucks in 23 countries on four continents.
For over 50 years, PACCAR Financial Corporation (PFC) has facilitated the sale of premium Kenworth and
Peterbilt trucks in North America. PFC finances 65% of dealer inventories and 23% of new Kenworth and
Peterbilt Class 8 trucks sold or leased. PFC launched dealer online services and a web–based portal enabling
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 $2.5 billion in assets and provides financial services to DAF dealers and
customers in 17 Western and Central European countries. PFE achieved a record 26% retail market share in 2012.
PFS sold more than 8,000 pre-owned PACCAR trucks worldwide in 2012.
PACCAR Financial facilitates the sale of premium-quality PACCAR vehicles worldwide by offering a full
range of financial products and by utilizing leading-edge web-based information technologies to streamline
communication for dealers and customers.