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In the Marketplace

By ALM Staff | Law Journal Newsletters |
July 28, 2009

In a recent forecast, R. L. Polk & Co., a Southfield, MI based automotive information and marketing solutions provider, concluded that while the commercial vehicle market will begin growing again in 2010, volumes will still be significantly below 2005-2007 levels through 2013.

According to Polk, in 2006, commercial vehicle registrations reached their peak volume of 802,100, with 448,200 heavy trucks (GVW 6-8) and 353,900 medium trucks (GVW 3-5). Last year, however, the total commercial vehicle registration volume fell to 485,000. Continued economic difficulties have resulted in a forecasted volume of 380,600 in 2009. As the economy recovers after a projected “bottoming out” of the housing market in July 2009, commercial vehicle sales are expected to trend upward. By 2013, total commercial vehicle registrations are expected to hit 583,900 (approximately 317,000 GVW 3-5 and 267,000 GVW 6-8 vehicles), still well below pre-2008 volumes.

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