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  • Q3 2026 Truck Production Index Falls 8.4%

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    Jim Downey
    Jim Downey

    The Power Systems Research Truck Production Index (PSR-TPI) decreased from 131 to 120, or 8.4%, for the three-month period ending Sept. 30, 2026, from Q2 2026. The year-over-year (Q3 2025 to Q3 2026) gain for the PSR-TPI was, 118 to 120, or 1.7%. The PSR-TPI measures truck production globally and across six regions: North America, China, Europe, South America, Japan & Korea and Emerging Markets.

    This data comes from OE Link™, the proprietary database maintained by Power Systems Research.

    All Regions. MHCV demand will vary by region in 2026. North America and European have seen orders increase through much of the first half of the year and vehicle demand is expected to improve somewhat over last year, China is expected to see a single digit decline in production much of the decline comes on the heels of very high levels of production in 2025.

    Chris Fisher
    Chris Fisher

    Global Index. Overall, global MHCV production is expected to increase by 1% in 2026 over last year primarily driven by growth in North America and Western Europe. High global fuel prices are expected to continue through the remainder of the year even though shipping volume has improved through the Strait of Hormuz.

    North America. Medium and heavy truck production in North America is expected to increase by 13.4% this year compared with low 2025 production. Class 8 truck production is expected to increase by 13.8% this year as order rates for class 8 trucks improved strongly throughout much of the year. Improvement in freight rates and freight demand along with tightening truck capacity and some level of truck pre-buy ahead of the 2027 GHG emission regulations is expected to drive increased truck production this year. PSR

    Jim Downey is Vice President-Global Data Products at Power Systems Research
    Chris Fisher is the Senior Commercial Vehicle Analyst at Power Systems Research

  • PowerTALK™, October 2026

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    In the October 2026 issue of PowerTALK News you can read articles about Alternative Power by Guy Youngs, the Q3 2026 Truck Production Report, Outlook for 2026 Combine Production, the possible impact of the Iveco-Tata Motors Merger, VWCO Cutbacks, the Hybrid Car Push in India, and more. Read it today.

  • October: North America 2026 Combine Production

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    2,900 units is the estimate by Power Systems Research of the number Combines expected to be produced in the United States during 2026. A Combine is a farm machine that harvests grain crops. Combines can reap, thresh and winnow crops into a single process. Crops include wheat, oats, rye, barley, corn, etc.

    This product information comes from industry interviews and from two proprietary databases maintained by Power Systems Research: EnginLink™ , which provides information on engines, and OE Link™, a database of equipment manufacturers.

    Market Share. With 61% of total units produced, Deere captured the lead for Combine production in North America (US).  In second position, Case with 23.5%; third, Claas Omaha with 9%.

    Exports: Up to 30% worldwide.

    Trends. The 2025 production of combines in North America decreased 19%, dropping from 4,300 in 2024 to 3,500 in 2025.  Production is expected to drop 18% from 2025-2026.  The 2026 decrease is mostly due to CLAAS moving production of their 8000 Series to Germany, rising production expenses along with a drop in commodity pricing and market uncertainty. 

    In previous years, Covid-19 related factors played a role in the decline, especially for parts availability and a drop in orders for new machinery.  Sales of combines picked up in Q4 2020 after a tough spring for sales. 

    Combines overall boost crop output and farm income.  “The increase reflects farmer sentiment about the future of their operations. It’s a decent early indicator of whether folks are enthusiastic about where markets are headed,” according to Curt Blades, senior VP of agriculture for AEM. 

    This is a favorable sign. A few years ago, farmers were reluctant to buy or trade in pricey equipment because of lower commodity prices.  For instance, in 2017, production and purchases of new combines rebounded as portrayed in production figures. The gain can be attributed to an increase in commodity prices such as corn and soybeans that peaked in 2013/2014.

    Case attributed the 2023 decline to supply chain issues.  Deere announced job cuts at three Midwest production facilities due to softening demand for tractors and combines. “These changes are being made due to reduced demand for the products produced at these facilities,” Deere & Co. noted in a news release. “Industry sales are expected to further decline in the back half of fiscal year 2024. To better position Deere to meet future demand, we continue to take proactive steps to reduce production and inventory.”

    Expect production of combines to gain 5% by 2035.   PSR

  • Alternative Power Report October 2026

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    The October 2026 issue of the Alternative Power Report produced by Power Systems Research and authored by Guy Youngs, features articles on Brazil Law Ties Data Center
    Incentives To Energy Use, Electric Equipment Is Saving Job Sites BIG MONEY, Electrode Design Boosts BatteryEnergy Density, and VW Plans To Slash Models, Reduce Workforce By 100,000. Read these articles and more in the October 2026 issue of Alternative Power Report today. PSR

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