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The average age of light-duty vehicles on U.S. roadways increased to 11.6 years this year, and registrations climbed 2.4% to 264 million, according to IHS Markit.
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The number of commercial vehicles in GVW Classes 4-8 registered this year through August fell 4.2%, mostly due to a steep decline in Class 8 over-the-road trucks, IHS Automotive has reported.
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Service fleets added the most commercial vans among non-rental entities in 2015 for parcel delivery, HVAC, heath services and other sectors, according to new data from Ford and IHS Automotive.
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Used commercial vehicle transactions of GVW 3-8 vehicles were just over 176,000 units during the last quarter of the 2015 calendar year, up 14.3 percent from the same time period in 2014 calendar year.
Read More →Commercial fleets will register a lower growth percentage of medium- and heavy-duty trucks in 2016, but feed strong demand for aftermarket parts, according to a new forecast from IHS Automotive.
Read More →Vehicle market analyst IHS Automotive has identified over 500,000 businesses operating fleets of up to 250 vehicles that are expected to purchase new commercial vehicle in the next 15 months.
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Commercial and government fleets added 350,837 trucks in classes 3-8 through the first half of 2015 for a 12.1 percent increase from the comparable period a year ago, according to IHS Automotive's second quarter commercial vehicle report.
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The average age of light-duty vehicles in U.S. roads has reached 11.5 years, which reached a high point since IHS Automotive began tracking the data, the analytics firm has announced.
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Overall, used GVW 3-8 transactions from March 1, 2014 to March 31, 2015 accounted for 51.7 percent of total GVW 3-8 transactions in the U.S. market.
Read More →Sales of used trucks in Class 3 and Class 4 provided a strong push in 2014 that made these classes the leaders in volume and growth among Class 3-7 vehicles, according to IHS Automotive.
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