Director, Aftermarket and Commercial Vehicle Solutions
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.
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.