Polk forecasts 723,000 Class 3-8 new vehicle registrations by 2012
Oct 1, 2008 12:00 PM
The commercial vehicle market for Classes 3-8 vehicles is expected to grow to 723,000 by 2012, according to R. L. Polk & Co. This announcement was made in conjunction with the release of Polk's new Forecast of Commercial Vehicle Activity for North America, which provides insight into the Class 3-8 commercial vehicle market through 2012. The forecast methodology contains a forecast for new registrations, scrappage rates, and total vehicles in operation through 2012.
Polk's offering provides an econometric-based model, allowing customers to maximize sales opportunities by better understanding the North American market for commercial vehicles.
This new offering is based on Polk's fact-based predictive modeling, an in-depth analysis of the vehicle population, and the companies' understanding of the relationship between economic activity and new commercial vehicle registrations. The forecast also correlates closely with Polk's index of commercial activity, updated quarterly in the Commercial Vehicle Market Intelligence Report, which tracks where each vehicle class is trending for the current year.
Standard forecast detail is available by service year and gross vehicle weight (GVW). Additionally, dependent upon the needs of each individual customer, a custom forecast can be developed by brand, location, configuration, and delineation. These varying levels of detail will be important as the industry is preparing for changes in diesel requirements in 2010. Visit www.polk.com for further details.
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