Used Truck Registrations Up 9.1% in First Half of Year
Used truck registrations rose 9.1% during the first half of the year compared with the same period last year, according to R.L. Polk & Co.
About 357,100 used commercial registrations were recorded through June, based on Polk analysis.
Second-quarter transactions were the highest since the 2011 second quarter, reflecting continued demand for used equipment, Polk said in a statement.
New commercial-vehicle registrations during the first six months of 2013 increased by 0.5% over the same time period in 2012.
Polk recently reported that second-quarter U.S. heavy-duty fleet registrations rose 2.7% year-over-year. That report said that used trucks continue to be the most popular type of truck.
“The strength of used commercial-vehicle transactions during the first half of the calendar year reflects a competitive market for clean, used equipment as it becomes available,” said Gary Meteer, Polk’s director of aftermarket and commercial vehicle solutions.
“Our analysis indicates that the majority of these transactions represent the replacement of older equipment in the commercial-vehicle population versus adding to the total vehicle population,” he said in a statement.
