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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