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Q2 2026 Truck Production Index Climbs 11.3%
Sign-up for TPI ReportsSt. Paul, MN — The Power Systems Research Truck Production Index (PSR-TPI) increased from 115 to 128, or 11.3%, for the three-month period ending June 30, 2026, from Q1 2026. The year-over-year (Q2 2025 to Q2 2026) gain for the PSR-TPI was, 127 to 128, or 0.8%.
Jim Downey 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 Europe 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.
Global Index. Overall, global production is expected to decline slightly in 2026 over last year. Ongoing tariffs along with the conflict in the Middle East and the shipping disruption in the Strait of Hormuz are currently putting pressure on truck demand. However, at the time of this writing fuel prices have been declining as more vessels are able to pass through the Strait.
Chris Fisher North America. Medium and heavy truck production in North America is expected to increase by 9.5% this year compared with low 2025 production. While class 8 truck production is expected to increase by 13.5% this year as order rates for class 8 trucks have 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. While truck sales have been down for much of this year, production levels are expected to be strong in the second half of the year. Oil prices have been recently declining which will also help drive truck demand in the third and fourth quarters of 2026.
The next update of the Power Systems Research TPI will be in October 2026 and will reflect changes in the TPI during Q3 2026. 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 -
PSR Provides $2,000 STEM Scholarship
Power Systems Research has provided its annual $2,000 STEM Scholarship (Science, Technology, Engineering and Mathematics) to 2026 Eagan High School graduate Ryan Houth.
The STEM scholarship is made through the non-profit Eagan Community Foundation, which has donated more than $3 million in scholarships, grants and initiatives to the Eagan community since it was founded in 1990.
Power Systems Research, a global data research and intelligence company, has been providing a STEM scholarship annually to the Eagan Community Foundation since 2013.
“Power Systems Research has been promoting engineering-based research since its founding in 1976,” noted Joe Zirnhelt, PSR president, in discussing the scholarship program. “We believe it’s extremely important to encourage and support STEM education at the high school level.”
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PowerTALK™, June 2026
Sign-up for PowerTALKIn the June 2026 issue of PowerTALK News you can read articles about Toyota pulling the plug on its Lexus EV, PV equipped vehicles that may produce as much as 80% of needed electricity, endangered European EV investments, 2026 North American ATV production, Chinese CFMoto launching motorcycle production in South America, China stepping up EV production in the heavy-duty truck market, and more.
IN THIS ISSUE
ALTERNATIVE POWER REPORT
- EV Investment May Be at Risk in Europe
- Electrifying Your Fleet Isn’t Just About Going Green
- Toyota Pulls Plug on Lexus EV
- New Battery Could Last 16 Years Without Capacity Loss
- PV Equipped Vehicles May Cover 80% of Electricity Needs
TRUCK PRODUCTION REPORT: Strict EV Mandates Could Implode Economy
DATAPOINT REPORT: 2026 North American ATV Production
EUROPE REPORT:- German Market Continues To Struggle
- Exmar Pushes Ammonia-Fueled Maritime Engines
- Beneteau Posts Strong Q1 2026 Results
SOUTH AMERICA/BRAZIL REPORT:
- AGCO Presents Advances in Alternative Fuels Engines
- Randon Exports Semitrailers to Indonesia
- Chinese DFMoto Starts SA Operations with Motorcycles
- Public Funding Program Fails To Halt Brazil Truck Market Decline
JAPAN REPORT: Hitachi Moves Toward Remote Construction Deployment
SOUTH KOREA REPORT: Construction Equipment Exports Move into Strategic Markets
THAILAND REPORT: EV Policy Moves from Adoption To Industrial Absorption
CHINA REPORT: Plan Sets New Energy Goal of 40% Market Share for Heavy Duty Trucks
INDIA REPORT: Biofuels Lead Next Phase of Auto Fuel Transition -
Alternative Power Report June 2026
Sign-up for Alt Power ReportThe June 2026 issue of the Alternative Power Report produced by Power Systems Research and authored by Guy Youngs, features articles on European EV investments, Toyota’s plans to pull the plug on its Lexus EV, a new battery that has 16-year life, PV equipped vehicles that can provide as much as 80% of needed electricity, and Honda’s efforts to develop a Silicon-Carbon EV battery. Read these articles and more in the June 2026 issue of Alternative Power Report today. PSR
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North America 2026 ATV Production
Sign-up for DataPoint Reports232,100 units is the estimate by Power Systems Research of the number of 4-Wheel ATVs expected to be produced in the US and Mexico during 2026.
A 4-Wheeled ATV is another term for All Terrain Vehicle. It has 4 wheels and is designed to be driven off road. It seats one person, or sometimes two, one in front of the other.
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.
Trends. In 2025, production of ATVs in North America decreased 12%. But production is expected to gain a nominal 1% in 2026. Uncertain economic outlook, rising production costs and the growing popularity of side x side units (utility vehicles) are main reasons for the production decline.
Manufacturers have discontinued less popular models/variants and are concentrating on bestselling units due to saturation in the market. ATVs are used in a variety of activities that include recreation, sport and military related needs.
According to investor relations for Yamaha, Polaris Industries and Arctic Cat, consumer discretionary spending is on the rise. Production is expected to improve as indicated by current economic factors along with the introduction of innovative products and technologies. Look for an additional increase up to 5-10% by 2035, although gas price increases caused by the war in Iran may affect sales.
No electric/battery powered units were produced until 2026 MY. BRP Mexico has two Outlander electric models it is introducing 2026 MY. PSR
Carol Turner is Senior Analyst, Global Operations, at Power Systems Research
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German Market Continues To Struggle
Emiliano Marzoli Data released in early June by the VDMA (German Engineering Federation) shows that Germany’s domestic machinery orders fell 4% to 5% in real terms year-over-year. High manufacturing costs and rigid bureaucracy continue to weigh down the home market. However, the industry is forecasting a 1% production recovery to $15.72 billion USD (€13.7 billion) for the latter half of 2026. This mild turnaround is entirely driven by the rollout of the German federal government’s “Special Assets” (Sondervermögen) off-budget funds, which are finally trickling down into physical orders for climate protection, infrastructure, and defense machinery.
Source: VDMA and VDW Read The Article Read The Article Read The Article
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AGCO Presents Alternative Fuels Engines
Fabio Ferraresi AGCO has presented new AGCO Power engines powered by ethanol and biomethane for agricultural machinery, developed by its South American engineering team. The solutions target tractors in the 200 hp to 300 hp range and were validated in real field operations, including sugarcane and grain crops.
The ethanol engine uses dedicated ignition and injection systems, while the biomethane version is aimed at farms with access to biomass and biogas production. According to AGCO, the technologies can deliver diesel equivalent performance and reduce CO₂ equivalent emissions by up to 90%. Market introduction is expected in 2027 for biomethane and in 2028 for ethanol.
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