Global Truck Production Index Climbs 3.5% in 2018
In 2018, global truck production climbed 3.5% over 2017, as measured by the Power Systems Research Truck Production Index. (PSR-TPI).
The TPI climbed 2.6%, quarter over quarter, for the three-month period ended Dec. 31, 2018.
The PSR-TPI measures truck production globally and across six regions: North America, China, Europe, South America, Japan and Korea, and Emerging Markets.
The data comes from CV Link™, the proprietary database developed by Power Systems Research.
Except for North America, most of the other key regions are beginning to see an economic slowdown.
Regarding the commercial truck market, a slowing global economy along with generally strong truck sales during the past few years is placing downward pressure on commercial vehicle adoption rates. PSR