Commercial Vehicle Market Sees Used Chosen Over New

Used com­mer­cial vehi­cle reg­is­tra­tions dur­ing the first half of 2013 cal­en­dar year were up more than nine per­cent over the same peri­od in 2012, accord­ing to Polk. Near­ly 357,100 used com­mer­cial reg­is­tra­tions were record­ed. Polk also found used trans­ac­tions dur­ing the sec­ond quar­ter of 2013 cal­en­dar year were the high­est since the sec­ond quar­ter of 2011 cal­en­dar year, accord­ing to Gary Meteer, Direc­tor, After­mar­ket and Com­mer­cial Vehi­cle Solu­tions at Polk. Click here to read more about the report.

The sales trend reflects 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, accord­ing to the study. The strength of used com­mer­cial vehi­cle trans­ac­tions dur­ing the first half of 2013 reflects a com­pet­i­tive mar­ket for clean used equip­ment as it becomes avail­able.

The data indi­cates that the major­i­ty of these com­mer­cial trans­ac­tions show the replace­ment of old­er equip­ment ver­sus adding to total vehi­cle pop­u­la­tion. Used com­mer­cial vehi­cles account­ed for 56.7% of com­mer­cial vehi­cle trans­ac­tions in the first half of this year; that com­pares with a peri­od of time from 2004 to 2008, when used trans­ac­tions account­ed for 41% to 48% of trans­ac­tions.

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