In the third quarter 2003, the company’s sales of new trucks were down this quarter compared to the third quarter of 2002 because of a wave of pre-buys in 2002 that were prompted by new emissions laws that went into effect on Oct. 1, 2002.
The company’s construction equipment segment recorded revenues of $9.5 million in the third quarter of 2003 compared to $8.4 million in the third quarter of 2002. New and used construction equipment unit sales revenue increased $1.0 million, or 19.6 percent, from the third quarter of 2002 to the third quarter of 2003. Parts and service sales increased 14.3 percent from $2.8 million in the third quarter of 2002 to $3.2 million in the third quarter of 2003. Lease and rental sales decreased $121,000, or 50.8 percent, from the third quarter of 2002 to the third quarter of 2003.