John Sommers II for TT
Used commercial vehicle transactions in 2015 rose to the second-highest level in a decade when records began, according to IHS Automotive.
Sales of commercial vehicles rose to 755,109 last year, driven by a strong fourth quarter, IHS reported March 1. Sales in the last quarter of 2015 increased 14.3% to 176,000. IHS began keeping records of commercial vehicle transactions in 2005.
Used commercial vehicle transactions last year were 6.2% better than 2014 and only 4.6% below the record level set in 2011, according to IHS analysis.
“When used commercial vehicle transactions are combined with new registrations, 2015 represented a record level of commercial vehicle activity. In the calendar year, 1.47 million commercial vehicle transactions occurred, exceeding the previous record of 1.37 million unit transactions in 2014 by 7.1%,” IHS said in a statement.