Used Commercial Vehicle Transactions Up Five Percent
Recent Polk analysis of commercial vehicle registrations during the first quarter of the 2013 calendar year identified 171,724 used commercial vehicle registrations, an increase of 4.7 percent when compared to used registrations during the first quarter, 2012.
With the exception of first quarter 2011, used registrations in the first quarter of the 2013 calendar year are the highest since 2005. During this same period, new commercial vehicle registrations were down 4.4 percent.
“This is a significant development for the market, in that while new registrations are soft, when compared to the same quarter in the previous calendar year or with the level of new registrations during the last quarter of 2012, there is still solid demand for used commercial vehicle equipment, said Gary Meteer, director, aftermarket and commercial vehicle solutions at Polk. “Since smaller businesses and individual owners are the primary purchasers of used equipment, the strong demand is an indication that these companies are positive and confident about their business, and therefore replacing older equipment or adding vehicles to their fleet,” he said.
About Polk
Polk is the premier provider of automotive information and marketing solutions. The organization collects and interprets global data, and provides extensive automotive business expertise to help customers understand their market position, identify trends, build brand loyalty, conquest new business and gain a competitive advantage. Polk helps automotive manufacturers and dealers, automotive aftermarket companies, finance and insurance companies, advertising agencies, media companies, consulting organizations, government agencies and market research firms make good business decisions. More information at Polk.
Category: Featured, General Update, Vehicles
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