The used commercial vehicle market is seeing strong demand, as companies and individuals alike are looking to purchase previously owned commercial rides in high numbers.
According to a recent survey from Polk, in the first six months of this year, used commercial vehicle registrations were up 9 percent on a year-over-year comparison. The report indicated that there were a total of nearly 357,100 used commercial vehicle registrations from January to June. The data showed that second-quarter registrations were the highest they'd been since the second quarter of 2011.
"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," according to Gary Meteer, director of aftermarket and commercial vehicle solutions at Polk. "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."
The noteworthy aspect of this report is that the demand for used equipment continues to be much stronger than demand for new equipment, as used transactions accounted for 56.7 percent of total commercial vehicle sales. This highlights the importance for any fleet owners to properly maintain he vehicles they own, as demand is strong for used vehicles that are well taken care of.
What every fleet owner needs
Protecting the value of a vehicle is clearly a good investment for any fleet owner and products are available to help. Husky Liners® custom fit floor mats can be easily equipped into any vehicle and will preserve its interior.
As commercial vehicles can take a beating, these products will ensure that a vehicle stays as pristine as the day it was bought, helping fleet owners get more money when they decide to sell it down the road