Used truck registrations increase 28% over year

More than 354,000 used commercial vehicles (GVW Class 3-8) were registered in the U.S. during the first two quarters of 2010, according to Polk, a provider of data-driven systems for the commercial vehicle industry.

Polk said this number sets a record for used commercial vehicle registrations in a six-month timeframe and represents nearly 68 percent of the commercial vehicle market. Additionally, this figure is an increase of 28.8 percent over the same timeframe in 2009.

“The significant increase in used vehicle registrations so far this year is indicative of an uptick in the industry with the changeover of the commercial fleet,” said Gary Meteer, director of sales and client services at Polk. “Large fleet owners and operators are upgrading to new vehicles, and therefore the smaller fleet companies and independent owner-operators have great opportunities to find available clean used equipment.”

The combined registrations of new and used commercial vehicles in the first half of 2010 were 524,700, an 18.9 percent increase over the same period last year. New commercial vehicle registrations increased 3.1 percent during the period.