PSR 2Q-2015 Truck Production Index (PSR-TPI) Jumps 14.3%
St. Paul, MN— The Power Systems Research Truck Production Index (PSR-TPI) jumped from 98 to 112, or 14.3%, for the three-month period ended June 30, 2015, compared to the first quarter of 2015.
The year-over-year (second quarter of 2014 through the second quarter of 2015) gain for the PSR-TPI was, 111 to 112, or 1%. From the base period of the second quarter 2012, the PSR-TPI slipped a bit, dropping one point from 113 to 112.
The PSR-TPI measures truck production globally and across six regions: North America, China, Europe, South America, Japan & Korea and Emerging Markets. It's produced quarterly by Chris Fisher, PSR senior commercial vehicle analyst, and Jim Downey, PSR vice president of global research operations.
This data comes from CV Link™, the proprietary database maintained by Power Systems Research.
While overall global demand for medium and heavy commercial vehicles will be flat this year, the regional markets will vary widely. Production levels will remain high in North America driven by tight capacity, higher freight rates and the need for the fleets to continue replacing and expand capacity. The class 8 market will perform particularly well this year with production expected to finish around 330,000 – 335,000 trucks.
For more information about production by region, downloaded the attached free PDF. PSR