Navistar to raise prices on International trucks

July 9, 2008
Navistar International Corp. has announced it will increase prices on International trucks, effective immediately, due to increasing commodity prices

Navistar International Corp. has announced it will increase prices on International trucks, effective immediately, due to increasing commodity prices. According to the company, price increases will vary by model up to $1,600 per truck.

“We are acutely aware of the financial constraints that many truck customers are currently facing and have been working diligently to absorb as much of these costs as possible,” said James L. Hebe, senior vp, North American dealer operations for Navistar. “However, global commodity spikes are affecting all manufacturing and we finally, regretfully, must now share those additional costs with the customer.”

According to Navistar, since the beginning of 2008, the price of steel has increased 100%, aluminum 22%, platinum 32% and copper 23%, as well as a 40% spike in crude oil prices. The company said it would reduce operational costs wherever possible to help mitigate the higher commodity prices.

View more Fleet Owner equipment news and other commercial trucking-related articles.

Voice your opinion!

To join the conversation, and become an exclusive member of FleetOwner, create an account today!

Sponsored Recommendations

Boost truck leasing profits with telematics insights! Reduce maintenance costs, improve uptime, and strengthen customer relationships. Learn how data drives success.
This free guide outlines simple steps for hiring and onboarding commercial drivers while ensuring that you meet Regulation Part 391 and maintain fully compliant driver qualification...
Ready to boost fleet efficiency by up to 50%? Learn how AI-powered dispatch and next-gen tech are transforming TMS workflows, improving driver planning, and streamlining operations...
Gain a strategic edge in today’s evolving fleet landscape. Join us to explore how fuel cards are helping fleet managers cut costs, enhance control, and prepare for an electrified...