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Q3 2024 Truck Production Index Falls 8.9%
St. Paul, MN (Oct. 13, 2024)— The Power Systems Research Truck Production Index (PSR-TPI) decreased from 123 to 112, or-8.9%, for the three-month period ending Sept. 30, 2024, from the Q2 2024. The year-over-year (Q3 2023 to Q3 2024) decrease for the PSR-TPI was, 114 to 112, or -1.8%.
The PSR-TPI measures truck production globally and across six regions: North America, China, Europe, South America, Japan & Korea and Emerging Markets.
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Q2 2024 Power Systems Research Truck Production Index (PSR-TPI) climbs 11.5%
St. Paul, MN (July 29, 2024)— The Power Systems Research Truck Production Index (PSR-TPI) increased from 113 to 126, or 11.5%, for the three-month period ending June 30, 2024, from Q1 2024. The year-over-year (Q2 2023 to Q2 2024) increase for the PSR-TPI was 125 to 126, or 0.8%.
The PSR-TPI measures truck production globally and across six regions: North America, China, Europe, South America, Japan & Korea and Emerging Markets.
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Q1 2024 Power Systems Research Truck Production Index (PSR-TPI) falls 4.5%
St. Paul, MN (April 15, 2024)— The Power Systems Research Truck Production Index (PSR-TPI) decreased from 116 to 111, or 4.5%, for the three-month period ending March 31, 2024, from Q4 2023. The year-over-year (Q1 2023 – Q1 2024) PSR-TPI was flat at 111. There was no change.
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…
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South American Truck Production Index Climbs 3.4%
April 16, 2024— The Power Systems Research South America Truck Production Index (PSR-TPI) increased from 88 to 91, or 3.4%, for the three-month period ending March 31, 2024 (Q1 2024), from Q4 2023. The year-over-year (Q1 2023 – Q1 2024) PSR-TPI increased from 75 to 91, or 21.3%.
The PSR-TPI measures truck production globally and across six regions: North America, China, Europe, South America, Japan & Korea and Emerging Markets. The South America…
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Q4 2023 Power Systems Research Truck Production Index (PSR-TPI) Climbs 8.4%
St. Paul, Minnesota, USA— The Power Systems Research Truck Production Index (PSR-TPI) increased from 107 to 116, or 8.4% for the 12 months ended Dec. 31, 2023. For the fourth quarter of 2023, ending Dec. 31, 2023, the index increased from 112 to 116, or 3.6%, compared to Q3 2023.
The PSR-TPI is a quarterly truck production report that measures global truck production across six regions: North America, China, Europe, South America, Japan & Korea and Emerging Markets.…
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South America TPI Expected To Climb 22% in 2024
St. Paul, Minnesota, USA— The Power Systems Research Truck Production Index (PSR-TPI) increased from 107 to 116, or 8.4% for the 12 months ended Dec. 31, 2023. For the fourth quarter of 2023, ending Dec. 31, 2023, the index increased from 112 to 116, or 3.6%, compared to Q3 2023.
South America. Medium and heavy commercial vehicle production is expected to increase by 22.1% this year after a significant decline in 2023 primarily driven by a weaker economy and…
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Q3 2023 Power Systems Research Truck Production Index (PSR-TPI) Climbs 3.6%
St. Paul, MN — The Power Systems Research Truck Production Index (PSR-TPI) climbed from 104 to 108, or 3.6%, for the 12 months ended Sept. 30, 2023. The PSR-TPI dropped from 117 to 108, or 7.7%, for the three-month period ending Sept. 30, 2023, from Q2 2023.
The PSR-TPI is a quarterly truck production report that measures global truck production in six regions: North America, China, Europe, South America, Japan and Korea and Emerging Markets.
This data comes…
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Global Economy Seeing Modest Growth with Positive Outlook
GLOBAL REPORT
SUMMARY. Many factors are pointing to modest growth in Q3 2023. This should lead to total production globally growing at +2.4% in 2023 vs 2022 (it was 2.6% in Q2 2023), and the outlook for the next few years remains positive with growth accelerating from 2025. Apart from Russia and Ukraine, the main countries to show a decline are South Korea, Slovakia, Netherlands. However, the segment picture shows some differences.
Several drivers are influencing the global economic picture.
- Fuel prices eased earlier this year, recently they have grown slightly and are no longer showing signs of easing. This remains a serious issue.
- Supply chains remain constrained and show no signs of improving.
- The war in Ukraine shows no sign of a speedy conclusion, despite recent successes by Ukraine.
- Ukrainian exports of wheat, other grains and fertilizer have declined massively following Russia’s ending on the Grain Deal. Alternative routes (overland, and via the Danube) simply don’t have the necessary capacity.
- Inflation is easing, but it continues to be a major concern for central banks as they consider raising their interest rates. This will pose a risk to economic growth in all regions. Inflation and price increases are putting OEMs in a difficult situation.
- Risk of recession continues in the background for several countries, notably China, USA and Germany, and this could drag other countries into recession.
- Covid is still lingering with global deaths now at over 6.9 million, and a new variant has the medical world concerned.
- Latent demand for machinery keeps building, which is a positive sign.
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U.S. Economic Downturn this Year or Next?
Jim Downey SUMMARY. As we are halfway through 2023, there is more uncertainty with the economy than earlier in the year. The general consensus is there will be a recession coming soon in the United States, and now it is just a matter of whether this will happen later in 2023 or the first of part of 2024.
The latter may be more assumed recently. The stock market has not fallen, and the US economy has not entered a recession this year, 2023. Some of the factors that have prevented this are market investors being enthusiastic over AI (Artificial Intelligence) potential, the Federal Reserve’s pause in interest rate increases, and the slowdown of inflation. So seemingly the pause button has been hit on recession scenarios.
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Q2 2023 Truck Production Index (PSR-TPI) gains 9.4%
St. Paul, MN — The Power Systems Research Truck Production Index (PSR-TPI) increased from 106 to 116, or 9.4%, for the three-month period ending June 30, 2023, from Q1 2023. The year-over-year (Q2 2022 to Q2 2023) gain for the PSR-TPI was, 112 to 116, or 3.6%.
The PSR-TPI is a quarterly truck production report that measures global truck production in six regions: North America, China, Europe, South America, Japan and Korea and Emerging Markets.
This data comes from OE Link™,…
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