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Note 8 - Revenue
 9 Months Ended
Sep. 30, 2025
Notes to Financial Statements  
Revenue from Contract with Customer [Text Block]

8 – Revenue

 

The Company’s non-lease and rental revenues are generated from the sale of finished products to customers. Revenue from sales predominantly contain a single delivery element and revenue from such sales is recognized when the customer obtains control, which is typically when the finished product is delivered to the customer. The Company’s material revenue streams have been identified as the following: the sale of new and used commercial vehicles, the arrangement of associated commercial vehicle financing and insurance contracts, the performance of commercial vehicle repair services and the sale of commercial vehicle parts. Taxes collected from customers relating to product sales and remitted to governmental authorities are excluded from revenues.  

 

The following table summarizes the Company’s disaggregated revenue by revenue source, excluding lease and rental revenue, for the three months and nine months ended September 30, 2025 and 2024 (in thousands):

 

   

Three Months Ended

    

Nine Months Ended

  
   

September 30, 2025

    

September 30, 2024

    

September 30, 2025

    

September 30, 2024

  

Commercial vehicle sales

   $ 1,134,856     $ 1,163,255     $ 3,457,130     $ 3,586,882  

Parts revenue

     381,628       350,896       1,117,818       1,089,354  

Commercial vehicle repair service

     261,030       282,149       780,166       820,318  

Finance

     2,336       2,254       6,466       6,715  

Insurance

     3,239       3,526       9,873       10,396  

Other

     4,372       4,924       14,168       16,799  

Total

   $ 1,787,461     $ 1,807,004     $ 5,385,621     $ 5,530,464  

 

All of the Company's performance obligations and associated revenues are generally transferred to customers at a point in time. The Company did not have any material contract assets or contract liabilities on the balance sheet as of September 30, 2025. Revenues related to commercial vehicle sales, parts sales, commercial vehicle repair service, finance and the majority of Other revenues are related to the Truck Segment.