The state joins the ranks of Ohio, Florida, Virginia, and the nationwide clearinghouse state of West Virginia in providing faster titling and lien services.
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While barriers remain to creating a national system, a new coalition is pushing for reforms as a new digital clearinghouse reduces the time to register and retitle vehicles from weeks to hours.
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During the quarter, used transactions were up 8.3 percent from the second quarter of the 2013 calendar year. Combined commercial vehicle registrations in the second quarter were at their highest level since IHS Automotive began tracking used transactions in 2005.
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Nearly 357,100 used commercial registrations were recorded during the January-June time frame, based on Polk analysis, which also found used transactions during the second quarter of the 2013 calendar year were the highest since the second quarter of the 2011 calendar year.
Read More →Recent Polk analysis of commercial vehicle registrations during the first quarter of the 2013 calendar year identified 171,724 used commercial vehicle registrations, an increase of 4.7 percent when compared to used registrations during the first quarter, 2012.
Read More →SOUTHFIELD, MI - A Polk analysis of new and used commercial vehicle registrations (GVW 3-8) in the U.S. finds 1.25 million units were registered during the 2011 calendar year.
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