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IL: Navistar plans 2 percent price hike

IL: Navistar plans 2 percent price hike

LISLE, Ill. — With commodity prices and supplier costs both on the rise, truck and engine maker Navistar plans to increase sticker prices by 2 percent — an increase Michael Cancelliere, the company’s president of truck and parts, also believes reflects the “higher value’’ of the manufacturer’s product line.

“It is not just about the cost of materials; there’s a value to improved up time and fuel economy,’’ he said. “Think about the value better fuel economy on a daily basis in the long haul segment means over a three to four-year trade cycle,” he said. “Then factor in the benefits of greater up time. A day of truck downtime at the very least is $1,000 on the low side.’’

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About Rebecca Smith

Rebecca Smith is a Wisconsin native currently living in Illinois with her husband, Eric, and two dogs, Maggie and Grace. She enjoys hiking, biking, kayaking and, of course, camping in cabins and park models.

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