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Mack Trucks increases share of heavy truck market

January 21, 1999

Mack Trucks Inc. increased its share of the heavy truck market for the sixth straight year in 1998, the Allentown, Pa.-based truck manufacturer announced Thursday in a press release.

The company, a subsidiary of Renault V.I., has 1,370 employees at its Hagerstown powertrain plant, which produces diesel engines for its U.S. truck plants.

Mack retailed 26,801 heavy-duty trucks in the United States in 1998, which represented a 12.8 percent market share compared to 12.5 in 1997, according to the release.

The U.S. truck market had a record year in 1998, with the total retail volume increasing 17 percent to 209,483 vehicles, according to the release.

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Mack outpaced the industry's sales growth by retailing 4,426 more vehicles than it did in 1997, a volume increase of nearly 20 percent, according to the release.

"Mack reinforced its dominance in the construction and refuse market segments in 1998 and the popularity of our highway products continued to grow," Mack president and CEO Michel Gigou said.

"We've entered 1999 with a very strong demand, and the introduction of an exciting new long-haul tractor will help us boost our market share again this year," Gigou said.

Those trucks will contain E-TECH engines made in Hagerstown, according to Mack spokesman John Mies.

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