Commercial vehicle registrations down: IHS Markit
SOUTHFIELD, MI - Canada had 16,495 new Class 3-8 commercial vehicle registrations in the first quarter of this year, down 4% from the same quarter in 2016, according to IHS Markit's Quarterly Commercial Vehicle Report. The largest levels for a first quarter were reported in 2012, when there were 17,476 such registrations, and in the last five years the first quarters have been within 1,500 units of that peak, the analysts say. Canada now has 1.355 million Class 3-8 registered vehicles, 40% of which are Class 8 models and 32% are Class 3.