PACCAR (NASDAQ:PCAR) may have avoided the fate that Cummins (NYSE:CMI) and Navistar International (NYSE:NAV) suffered last year, but it was a bumpy ride for the truck maker. The stock offloaded 30% by the time 2015 wrapped up, with much of the loss coming in during the latter half of the year as a slew of macro concerns hit the industry and triggered panic among investors.
While Navistar has its own set of problems, such as a bleeding bottom line, to deal with, a greater exposure to off-highway markets like oil and mining compelled Cummins to downgrade its full-year guidance in the last quarter. PACCAR, on the other hand, delivered a strong third quarter, with management even expressing confidence in the company's growth prospects going forward.
So, why did PACCAR stock fall in 2015, and will it recover this year? Find out in the slideshow below.
Neha Chamaria has no position in any stocks mentioned. The Motley Fool owns shares of and recommends Cummins and Paccar. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.