Friday, September 13, 2013

Used CV Registrations Jump in 2013

Here is some good news for our industry: used commercial vehicle registrations are up 9.1% for the first half of 2013. New CV registrations are up as well, though not nearly as much. This reflects a strong market for well maintained, clean, used trucks and equipment. A jump in used CV registrations means that instead of adding new trucks to the nation’s fleets, many are choosing to instead refurbish existing vehicles and give them new life in the total vehicle population.
By definition, a commercial vehicle is any motor vehicle used for transporting paid passengers or any type of goods and is titled or registered to a company. According to a article, “new commercial vehicle registrations during the January-June period were basically flat, the demand for used equipment continues to be strong and continues to outperform new registrations, as used transactions accounted for 56.7% of total commercial vehicle transactions during the first half of the year.”
This information shows us that the trucking industry is growing, but cautiously. The demand for well taken care-of used commercial vehicles suggests many need CVs, but aren’t ready to commit to an investment in a brand new model. We happen to recognize this need and specialize in refurbishing existing equipment and vehicles so they continue to be of use to the transportation industry, especially when it may not be possible or practical to purchase a new vehicle.

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