Polk Forecasts 723,000 Class 3-8 New Vehicle Registrations in 2012

The commercial vehicle market for classes 3-8 vehicles is expected to grow to 723,000 by 2012, according to R. L. Polk & Co.

The announcement was made in conjunction with the release of Polk’s new Forecast of Commercial Vehicle Activity for North America. The forecast methodology contains a forecast for new registrations, scrappage rates and total vehicles in operation through the 2012 calendar year.

Available to customers now, Polk’s offering provides an econometric-based model, allowing customers to maximize their sales opportunities by better understanding the North American market for commercial vehicles.

“Early response and feedback from our customers and prospective users of this information is very promising,” said Gary Meteer, account director for Polk’s Commercial Vehicle Team. “With this new solution, our customers can make better strategic business decisions using information from a single comprehensive source.”

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.

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