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 Truckinginfo.com 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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