 Financial Services In 2011, new loan and lease volume increased 64% to $4.06 billion from $2.48 billion in 2010, reflecting increased  new PACCAR truck sales, increased finance market share and a higher average amount financed per unit. PFS  increased its finance market share on new PACCAR trucks to 31% in 2011 from 28% in the prior year. The increase in PFS revenues to $1.03 billion in 2011 from $.97 billion in 2010 primarily resulted from higher  average earning asset balances and the impact of stronger foreign currencies, partially offset by lower yields. PFS  income before income taxes increased to $236.4 million in 2011 compared to $153.5 million in 2010 primarily due  to higher finance and lease margins as noted below and a lower provision for losses on receivables. ($ in millions) Year ended December 31, 2011  2010 %  CHANGE New loan and lease volume: U.S. and Canada  $ 2,523.1 $1,409.4 79 Europe  933.5 593.7 57 Mexico and Australia  604.4 473.0 28 $ 4,061.0 $2,476.1 64 New loan and lease volume by product: Loans and finance leases  $ 3,117.2 $1,975.1 58 Equipment on operating lease  943.8 501.0 88 $ 4,061.0 $2,476.1 64 New loan and lease unit volume:  Loans and finance leases  35,200 24,100 46 Equipment on operating lease  9,500 5,600 70 44,700 29,700 51 Average earning assets: U.S. and Canada  $ 4,595.0 $4,320.6 6  Europe  2,234.9  1,944.5 15 Mexico and Australia  1,445.1 1,303.2 11 $ 8,275.0 $7,568.3 9 Average earning assets by product: Loans and finance leases  $ 5,291.0 $5,119.9 3 Dealer wholesale financing   1,220.4 899.1 36 Equipment on operating lease and other  1,763.6 1,549.3 14 $ 8,275.0 $7,568.3 9 Revenues: U.S. and Canada  $ 508.6 $ 491.6 3 Europe  313.0 286.6 9 Mexico and Australia  207.7 189.6 10 $ 1,029.3 $ 967.8 6 Revenue by product: Loans and finance leases  $ 373.2 $ 383.8 (3) Dealer wholesale financing  49.9 37.8 32 Equipment on operating lease and other  606.2 546.2 11 $ 1,029.3 $ 967.8 6 Income before income taxes  $ 236.4 $ 153.5 54