The International MV Series work line with different vocational configurations. (Photo: Navistar) The MV joins the International, the International RH regional hauler and the, its heavy vocational truck, which all have been introduced in the last 18 months.
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The program paid off. Navistar went from a loss of $97 million in 2016 to a $30-million profit last year,. Navistar “has enough firepower to offset fears of a peaking truck cycle, thanks to share gains driven by a refreshed product lineup and a new engine,” said Alexander Potter, a senior research analyst at the Piper Jaffray & Co. Investment house. Customers are coming back.
“The customers come in and really like the trucks and how they are driver focused and more reliable,” said Tom Bagwell, executive vice president of Peterson Trucks in San Leandro, Calif. The company has four Navistar dealerships in California. Late last year, US Xpress, a large Chattanooga, Tenn., trucking company, reached worth more than $200 million to purchase 1,665 International LT semi-tractors. Navistar’s share of the U.S. And Canadian market for trucks and buses in the Class 6 through 8 weight segments rose to 17 percent from 16 percent last year, its first uptick since 2009. “We know how to recover our market share.
We’re executing those plans,” said Troy Clarke, Navistar’s chief executive. MV Series on display at the 2018 Work Truck Show in Indianapolis. (Photo: Jerry Hirsch/Trucks.com) Navistar got into trouble almost a decade ago when it launched plans to use engines that relied on a system called exhaust gas recirculation, or, to control nitrogen oxide emissions. Other brands used diesel truck engines with a different system known as. The Navistar engines had a variety of performance and reliability issues that forced the company to abandon the technology and spend huge sums repairing and buying back trucks. The MV gives Navistar the newest and most refreshed truck line in the country, according to the company’s executives.
It replaces the DuraStar work truck in the International lineup. Production of the MV has already begun at Navistar’s Springfield, Ohio, plant. The first deliveries are scheduled for this spring. International MV Series configured for landscaping on display at the 2018 Work Truck Show in Indianapolis. (Photo: Jerry Hirsch/Trucks.com) Navistar forecasts industrywide North American sales of medium-duty trucks will reach 85,000 to 90,000 vehicles this year. The Lisle, Ill., company wants to capture about 25 percent of that market with its new MV, said Lyndi McMillan, a company spokeswoman. “The medium-duty market is kind of our bread and butter — this is a market we do really well in,” McMillan told Trucks.com.
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Its main customers include leasing and rental companies like Penske and Ryder, as well as municipalities. The MV offers a choice of two Cummins engines, including a 6.7-liter six-cylinder that produces up to 360 horsepower and 750 pound-feet of torque. The 9-liter engine option has up to 350 horsepower and 1,000 pound-feet of torque. The MV includes a proprietary electrical system called Diamond Logic, which allows buyers to add custom safety controls for their specific industries. Interior of the new MV series trucks. (Photo: Navistar) A utility company, for example, might buy an MV truck equipped with a hydraulic boom lift to give employee access to high places such as on power lines.
Controls can be put on the vehicle that prevent the driver from putting the truck into gear until the boom is lowered. Navistar is also working with its business partner Volkswagen Truck & Bus to develop of the MV for North America. It could debut in late 2019 or early 2020, the truck maker said.
The companies formed a business alliance when the German automaker purchased 17 percent of Navistar for $256 million and took two seats on the company’s board of directors last year. Besides its own label, Volkswagen also owns the MAN and Scania truck brands. Navistar plans to launch another truck later this year. It is developing a small work truck in conjunction with General Motors. Chevrolet Commercial Vehicles unveiled its version of the truck, the Silverado 4500HD and 5500HD chassis cab trucks, at the work truck show this week.