Paccar’s First-Quarter Earnings Improve

Sales rose 14.7% to $1.98 billion, the company said Tuesday. Paccar is the parent company of U.S. truck makers Kenworth Truck Co. and Peterbilt Motors Co., and Europe-based DAF Trucks.

The sales results include a small "pre-buy" in the U.S. and Canada due to the new engine standards mandated by the Environmental Protection Agency, Paccar said. The U.S. and Canada. markets will suffer in the second quater due to higher-priced vehicles, the company said.