Paccar manufactures the physical trucks that move the physical economy — AGI will make trucks smarter and more autonomous, which is an upgrade, not a disruption.
Paccar is one of the world's largest manufacturers of medium- and heavy-duty commercial trucks, sold under the Kenworth, Peterbilt, and DAF brand names. The company also provides financial services (truck leasing and financing), aftermarket parts distribution through its PACCAR Parts division, and develops advanced diesel and electric powertrain technology. Paccar is known for producing premium trucks with industry-leading resale values and offers an integrated ownership experience from purchase to financing to parts support.
Commercial trucking companies (fleets), owner-operators, logistics and freight companies, leasing companies, and vocational truck operators (construction, refuse, oil field). DAF serves European commercial vehicle customers. PACCAR Financial serves truck buyers needing financing.
Paccar manufactures physical heavy-duty trucks (Kenworth, Peterbilt, DAF) and provides aftermarket parts and financial services. Trucks are large, complex physical machines that cannot be replaced by software. AGI could enhance truck design and manufacturing processes but cannot eliminate the need for physical vehicles to move physical freight. Customers are trucking companies and fleet operators who move physical goods. As long as the physical economy exists, trucks are needed. Trucking demand is driven by GDP and freight volumes, not knowledge work. AGI-driven economic growth could increase freight demand and truck purchases.