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With annual sales of over US$350 billion, the used vehicle industry represents almost half of the US auto retail market and is the largest retail segment of the economy. In 2016, about 17.6 million used cars and trucks were sold in the United States, and 38.5 million were sold worldwide. [4]
Kenworth Truck Company is an American truck manufacturer. Founded in 1923 as the successor to Gersix Motor Company, Kenworth specializes in production of heavy-duty ( Class 8 ) and medium-duty (Class 5–7) commercial vehicles.
Paccar International marketed trucks to more than 40 countries, and was one of the largest exporters of capital goods in North America by 1995. Kenworth truck factory in Renton, Washington, was opened on June 4, 1993. [53] In 1997 Mark Pigott assumed PACCAR's presidency as Charles Pigott retired in 1997. [54]
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