Gary Meteer
Director, Aftermarket and Commercial Vehicle Solutions
Polk
Used commercial vehicle registrations during 1st half of 2013 calendar year were up more than 9% over same period in 2012, according to Polk. Nearly 357,100 used commercial registrations were recorded. Market showing continued demand for clean used equipment – much more so than new commercial vehicles, which saw an increase of only one half percent during first half of this year.
Here’s a summary of the Polk report on commercial vehicle sales
Strength of Used Commercial Vehicle Transactions During 1st Half of 2013:
Reflects competitive market for clean used equipment as it becomes available.
Analysis Indicates that Majority of these Commercial Transactions:
Show replacement of older equipment versus adding to total vehicle population.
Used Accounted for 56.7% of Commercial Vehicle Transactions in First Half:
From 2004 to 2008, used transactions accounted for 41% to 48% of transactions.