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2013 Used Commercial Vehicle Transactions Up 7.8 Percent Through Three Quarters, According To Polk

    2013 Used Commercial Vehicle Transactions Up 7.8 Percent Through Three
                         Quarters, According To Polk

PR Newswire

SOUTHFIELD, Mich., Dec. 12, 2013

SOUTHFIELD, Mich., Dec. 12, 2013 /PRNewswire/ --Used commercial vehicle
registrations during the first nine months of the 2013 calendar year were up
just under eight percent over the same period last year, according to Polk,
the global automotive market intelligence firm recently acquired by IHS (NYSE:
IHS). Nearly 527,500 used commercial registrations were recorded during the
January-September timeframe, which represented the second best nine-month
level of used transactions since Polk started tracking used transactions in
the 2004 calendar year, and trailing only the record nine-month total of
649,950 transactions reported during the first nine months of the 2011
calendar year. Strong demand continues for clean used equipment to replace
older equipment.

New commercial vehicle registrations during the first nine months of 2013
increased by just 2.8 percent over the same time period in 2012.

"The continued strength of used commercial vehicle transactions during the
first three quarters of the calendar year reflects a competitive market for
clean used equipment as it becomes available," according to Gary Meteer,
director, aftermarket and commercial vehicle solutions at Polk. "Our analysis
indicates the total commercial vehicle population remains relatively flat, and
the high demand for clean used equipment is for the replacement of
significantly older (pre-2000 Model Year) equipment. During the past four
calendar years, when there has been strong demand for clean used equipment and
slower demand for new equipment, more than 1.5 million pre-2000 models have
been eliminated from the vehicle population and replaced with newer used
equipment," he said.

The demand for used commercial vehicles during the most recent quarter
reflects strong demand across each of the vehicle segments. Used GVW 8
transactions continue to reflect performance lower than historical levels as a
result of the continued shortage of clean used equipment resulting from the
extremely low level of new GVW 8 registrations during the 2008-2010 calendar
years.

Used Commercial Vehicle Registrations for July-September 2013
VIN-Defined Gross July-Sept 2013       Percentage Change   July-Sept 2013
Vehicle Weight                         from July-Sept 2012
                  Used Commercial                          Share of Used
                 Vehicle Transactions                    Commercial Vehicles
GVW 3             52,300               5.6                 30.7
GVW 4             17,050               6.2                 10.0
GVW 5             9,150                6.0                 5.4
GVW 6             15,100               8.8                 8.8
GVW 7             14,950               9.5                 8.8
GVW 8             61,900               2.4                 36.3
TOTAL             170,450              5.1                 100.0



While new commercial vehicle registrations during the July-June period were
basically flat, the demand for used equipment continued strong and
outperformed new registrations, as used transactions accounted for 53.0
percent of total commercial vehicle transactions during the July-September
quarter. From a historic perspective, prior to the 2009 calendar year, used
transactions accounted for between 41 and 48 percent of total registrations
during the 2004 through 2008 calendar years, so while the 53.0 percent level
is down from 68 percent in the first two quarters of the 2011 calendar year,
used transactions as a percent of total commercial transactions remain
significantly above historical levels.

Used Commercial Vehicle Registrations (GVW 3-8) Percentage
share of Total Vehicle Registrations over Time
         2007    2008   2009   2010   2011   2012   2013
QTR 1    45      48     58     66     68     55     57
QTR 2    43      47     66     67     68     55     56
QTR 3    50      49     67     64     59     53     53
QTR 4    47      49     57     60     53     54



Polk has been providing commercial vehicle data to the industry for decades
and first began reporting used and new registration information in 2004.
Polk's solutions for the commercial market also include the ability to
pinpoint business owners who have purchased used equipment and are therefore a
good prospect for future purchases. Solid name lists based on ownership
profiling is one of the many services Polk provides to customers who are
looking to expand their new and used vehicle business. For additional details
from Polk's most recent commercial analysis, please visit:
https://www.polk.com/knowledge/reports/quarterly_commercial_vehicle_report_september_2013.

About IHS (www.ihs.com)
IHS (NYSE: IHS) is the leading source of information, insight and analytics in
critical areas that shape today's business landscape. Businesses and
governments in more than 165 countries around the globe rely on the
comprehensive content, expert independent analysis and flexible delivery
methods of IHS to make high-impact decisions and develop strategies with speed
and confidence. IHS has been in business since 1959 and became a publicly
traded company on the New York Stock Exchange in 2005. Headquartered in
Englewood, Colorado, USA, IHS is committed to sustainable, profitable growth
and employs more than 8,000 people in 31 countries around the world.

IHS is a registered trademark of IHS Inc. All other company and product names
may be trademarks of their respective owners. © 2013 IHS Inc. All rights
reserved.

SOURCE IHS Automotive

Website: http://www.ihs.com
Contact: Michelle Culver, Lambert, Edwards & Associates, +1 313 309-9505,
mculver@lambert-edwards.com