Good news for the Trucking Industry. Truck registrations are in its third straight year of gains. This hasn’t happened since 2007 and is a sign of a strengthening economy in the Trucking Industry. Read the statistics:
“In June, registrations were up 6.9 percent from the year-ago month and 3.1 percent for the first half of this year, compared to the same period of 2009. All classes of trucks saw a year-over-year improvement, with the exception of Classes 4 and 5.
For the first half of this year, registrations were 170,300 units. However Polk’s recent Commercial Vehicle Market Intelligence Report points out that performance during the first half of this year is the lowest first six months of new registrations since 1991.”
This information came from the article, Truck Registrations See Third Straight Year-Over-Year Gain”, written on 8/16/2010 on truckinginfo.com. The article goes on stating that used truck sales were double in the first half of 2010 and that 67.5 percent of the registrations were from the buying of used trucks. The Polk Index of U.S. New Commercial Vehicle Activity report believes that this phenomenon shows an “indication of the availability of clean used equipment and the desire of owners to upgrade their equipment.”
Combining both new and used vehicle registrations together, sales are up 18.9 percent for the first half of 2010. This is great news! The latter end of 2010 looks positive with higher growth in both truck and trailer sales.
It looks like trailer sales were also on the rise in the beginning of 2010, showing that the economy is turning for the better and the freight industry is strengthening from the recession.
http://www.truckinginfo.com/news/news-detail.asp?news_id=71355&news_category_id=6
Tags: industry improvements, job outlook 2010, trailer sales
some used trucks are not entirely used all, there are some used trucks that have very new engines and transmissions