Search Results for: truckinginfocom-denton-record-chronicle

2020-09-27

Electric Boats Gain Industry Share

There seems little doubt that electric powered boats will grow as the fast-improving technology trickles down from the automotive industry, which is driving battery technology, to the marine engine industry.

Michael Aistrup
Michael Aistrup

Today the electric boat has become a $4.5 billion global marine industry segment, and a report by IDTechEx shows that the market for hybrid and pure electric boats will rise significantly to over $20 billion worldwide by 2027.

Brushless permanent magnet electric motors and advances in lithium ion battery technology have allowed leaps to be made in the rush to marine electric. Lithium-ion batteries are half as heavy as lead-acid batteries and last three times as long, and advances in their effectiveness and stability have been significant.

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Q3 2020 Power Systems Research Truck Production Index (PSR-TPI) climbs 203%

PSR-TPI Q3 2020Download

St. Paul, MN — The Power Systems Research Truck Production Index (PSR-TPI) increased from 36 to 109, or 203%, for the three-month period ended Oct. 31, 2020, from the Q2 2020. The year-over-year (Q3 2019 to Q3 2020) loss for the PSR-TPI was, 117 to 109, or 6.8%.

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.

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2020-12-21

Powersports Segment Growth Ignores COVID-19

Michael Aistrup
Michael Aistrup

While much of the North American economy slowed to a crawl after COVID-19 shutdowns in 2020, the powersports industry posted significant growth. Many people, weary of staying at home, found a cure for cabin fever while riding an off-road vehicle or experiencing socially distant spaces on trails. By all indications, the sales increase in powersports equipment has been one of the few bright spots in an otherwise grim COVID-19 economy.

According to Jeremy Jansen, senior vice president of Wells Fargo Commercial Banking’s distribution financing business, “What started out as a slight uptick has just taken off to record sales levels,” he said. “Dirt bikes, ATVs, side by sides, personal transport vehicles — everything in the book is retailing well above prior year.” After plummeting briefly in mid-March amid the initial shutdown, powersports sales skyrocketed in the ensuing months.

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2021-01-22

NA Economic Outlook: Slower H1 2021, But Much Stronger H2 2021 Expected

Yosyf Sheremeta
Yosyf Sheremeta

SUMMARY.  In our previous forecasts, we have discussed some hope for a V-shaped recovery, it did not materialize.  Our conclusion was based on several factors, such as the current economic cycle, overall strength of the economy, fiscal policy, political landscape in the US and globally, etc. After managing through the early stages of the pandemic in H1 2020, we saw good trends in H2 2020 and we had reasons to be optimistic for a quick recovery.

However, the recovery took a slight pause during the last few months.  Unemployment continued to increase, and regional lockdowns prevented the necessary demand for a significant year-end growth.  Now that the elections are over, we’ll have yet to see what the new administration will be able to achieve during the next two years.  Specifically, if the long awaited infrastructure reform can be passed.  However, fiscal policy with near zero interest rates, which government has promised to keep in place for the near future, will provide a good platform for the economic recovery and allow us to look optimistically into 2021-2022.

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Q4 2020 Truck Production Jumps 35%

PSR-TPI-Q4-2020-Jan2021-1Download

St. Paul, MN — The Power Systems Research Truck Production Index (PSR-TPI) increased from 109 to 147, or 35%, for the three-month period ended Dec. 31, 2020, from the Q3 2020. The year-over-year (Q4 2019 to Q4 2020) gain for the PSR-TPI was 121 to 147, or 21%.

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.

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2021-02-22

Truck News: Ask The Expert

Chris Fisher
Chris Fisher

What changes do you see in the PSR Truck Production Index in the fourth quarter compared to the third quarter of 2020?

Overall, we are seeing stronger momentum for commercial truck orders and sales which bode well for production in Q1 2021.

Supply chain issues will impact short term production as companies are still having difficulty with staffing numbers and various virus protocols that disrupt production. These problems are expected to continue throughout at least the first half of the year.

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Q1 2021 Power Systems Research Truck Production Index (PSR-TPI) Falls 42.5%

PSR-TPI-Q1-2021_FDownload

St. Paul, MN (April 13, 2021)— The Power Systems Research Truck Production Index (PSR-TPI) dropped 42.5% for the three-month period ended March 31, 2021, declining from 186 to 107, from the fourth quarter of 2020. The year-over-year (Q1 2020 to Q1 2021) improvement for the PSR-TPI was 15%, in which it climbed from 93 to 107.

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.

Global Index. While the decline in commercial vehicle demand in China will lower global vehicle demand this year, improved demand is expected in all other regions.

All Regions. Except for China, demand for medium and heavy commercial vehicles has bottomed out and is expected to increase this year and into 2022 as the various economies improve and Coronavirus vaccinations increase.  The market will also experience periodic supply chain disruptions primarily due to the impact from the Coronavirus.

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2021-04-25

China-led Proton Is Revitalized

Akihiro Komuro
Akihiro Komuro

Sales of Malaysia’s national carmaker Proton are booming, with its market share in the country reaching 27.3 % in February, hot on the heels of another national carmaker, Produa’s 38.8 %. This is not a single month irregularity; for the full year 2020, the rate is 20.5%. For the full year 2020, the share is 20.5%, almost doubling in just two years from a record low of 10.8% in 2018. This is the first time in seven years that the market share has recovered to the 20% level.

The turning point of the turnaround offensive was a capital/business alliance with a Chinese manufacturer: in September 2017, the company accepted a 49.9% stake from Geely Automobile’s parent company and began importing the right-hand drive version of the X70 SUV, which it produces and sells in China, at the end of 2018. As soon as this became a hit, the company switched to domestic assembly in Malaysia at the end of 2019, and introduced an additional small SUV, the X50, in September 2020.

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2021-05-11

Q1 2021 Truck Production Report

Chris Fisher
Chris Fisher

Senior Commercial Vehicle Analyst

In this episode of PSR PowerTALK, Chris Fisher, senior commercial vehicle analyst at Power Systems Research, talks about the reasons for the 42.5% first quarter 2021 drop in global truck production.

Transcript

Welcome to the PSR PowerTALK podcast, produced by Power Systems Research.

00:06 Joe Delmont:

From Power systems Research I’m Joe Delmont, editor of PSR PowerTALK. Today we’ll discuss global truck production with Chris Fisher, PSR, senior commercial vehicle analyst.

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2021-05-24

DATAPOINT: NA Scooters, 2021 Production, 431,900

431,900 units is the estimate by Power Systems Research of the number of Scooters to be produced in North America (Mexico and the U.S.) in 2021.

This 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: Dominating the NA market for Scooter production is Mexico-based Italika with 89% of total units produced.  In second position is Honda-Mexico with 11%; third is US-based Go-Ped with 178 units.

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