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

The next update of the Power Systems Research TPI will be in April 2024 and will reflect changes in the TPI during Q1 2024. PSR

Jim Downey is vice president – global data products at Power Systems Research and Chris Fisher is the senior commercial vehicle analyst at Power Systems Research 

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 database maintained by Power Systems Research.

All Regions. In 2024, Medium and heavy commercial vehicle production in Europe, South Asia and North America is expected to decline modestly while production in China, South America, Japan, and Korea is expected to improve over last year.

Global Index. Globally, medium, and heavy commercial vehicle production is expected to decline by 1.5% this year over 2023. Moving into 2024, much of the focus on demand will be centered around slowing global economic conditions that will impact overall freight demand. PSR

Jim Downey is vice president – global data products at Power Systems Research and Chris Fisher is the senior commercial vehicle analyst at Power Systems Research

ST. PAUL, MN — The Power Systems Research Truck Production Index (PSR-TPI) increased from 115 to 118, or 2.6%, for the three-month period ended Dec. 31, 2018, from Q3 2018. The year-over-year (Q4 2017 to Q4 2018) gain for the PSR-TPI was 3.5%, climbing 4 points from 114 to 118.

PSR TPI Q1 2020

ST. PAUL, MN — The Power Systems Research Truck Production Index (PSR-TPI) decreased from 122 to 84, or 31.1%, for the three-month period ended March 31, 2020, from Q4 2019. The year-over-year (Q1 2019 to Q1 2020) loss for the PSR-TPI was, 116 to 84, or 27.6%.

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 CV Link™, the proprietary database maintained by Power Systems Research.

All Regions: Prior to the spread of the Coronavirus, most regions were experiencing a slowdown in commercial truck demand. Depending on the duration of the virus, several countries are expected to slip into recession or a significant economic slowdown as a result.

Global Index: The possibility of a global recession now exists but it is uncertain how severe this may be. Some regions will fair better than others.

North America: The introduction of the Coronavirus along with an overcapacity of heavy trucks will lead to significantly lower demand in 2020. Prior to the Coronavirus outbreak, concerns about the Chinese tariffs and an overall slowdown in global economic growth were causing some headwinds for truck demand. 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

St. Paul, MN (April 8, 2023)— The Power Systems Research Truck Production Index (PSR-TPI) decreased from 108 to 106, or -1.9%, for the three-month period ended March 31, 2023, compared to Q4 2022. The year-over-year (Q1 2022 to  Q1 2023) gain for the PSR-TPI was, 103 to 106, or 2.9%.

The PSR-TPI is a quarterly truck production report that measures global truck production in 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. The next update of the Power Systems Research TPI will be in July 2023 and will reflect changes in the TPI during Q2 2023.  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

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™, the proprietary database maintained by Power Systems Research. The next update of the Power Systems Research TPI will be in October 2023 and will reflect changes in the TPI during Q3 2023. PSR

Jim Downey is vice president – global data products at Power Systems Research and Chris Fisher is the senior commercial vehicle analyst at Power Systems Research            

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 from OE Link™, the proprietary database maintained by Power Systems Research. The next update of the Power Systems Research TPI will be in January 2024 and will reflect changes in the TPI during Q4 2023. PSR

Jim Downey is vice president – global data products at Power Systems Research and Chris Fisher is the senior commercial vehicle analyst at Power Systems Research 

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 TPI measures truck production in Brazil, Argentina and Columbia.

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

Jim Downey is vice president – global data products at Power Systems Research and
Chris Fisher is the senior commercial vehicle analyst at Power Systems Research