the reliability of new EPA-compliant trucks and the state of the
economy has prompted International Truck & Engine Corp. to offer
free breakdown service and 0 percent financing on new trucks purchased
in the first three months of 2003.
During a press
teleconference, Truck Group President Steve Keate said concerns
about reliability apply to new Class 8 sales. So International decided
to offer its free Diamond Plus Support package for every new International
8000 and 9000i series Diamond Spec truck sold or ordered between
now and March 31, 2003.
to a 2-year, 200,000-mile warranty, the package includes 24-hour
emergency breakdown repair assistance for as long as the customer
owns the truck. If a truck purchased under the program breaks down,
the nearest International dealer will repair it within 24 hours
or provide a replacement truck for three days or 1,500 miles at
no charge, Keate said.
Keate said 2002 would be remembered as one of the worst years for
the truck industry, due to high fuel and insurance costs, the used
truck glut early in the year, tough economic conditions and the
EPA '02 disruptions to the heavy truck market.
On the plus
side, Keate noted recent reports of increased productivity, factory
orders and durable goods orders. In addition, truck tonnage is now
showing growth, he added. He also said demand for new Class 8 trucks
should grow significantly in 2003.