The Power Systems Research Truck Production Index (PSR-TPI) decreased from 114 to 107, or 6.1%, for the three-month period ended March 31, 2018, from Q4 2017. The year-over-year (Q1 2017 to Q1 2018) loss for the PSR-TPI was one point (108 to 107), or .93%.
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.
Global Index: Commercial vehicle demand in 2018, is expected to be particularly strong in North America, Brazil, Russia and India while demand is expected to decline sharply in China after very strong sales in 2017. With the exception of China and Japan/Korea, medium and heavy commercial vehicle demand in the other regions is trending higher this year.
North America: In 2018, medium and heavy commercial truck production is expected to increase by 13.8% over last year, driven by extremely strong class 8 demand combined with continued strength in the medium duty (class 4-7) segment. Production levels for class 8 trucks are expected to exceed 300,000 trucks this year as a result of a very strong economy and high freight demand. Demand in the medium duty segment will be driven in part by continued strength in the vocational segment.
Detailed comments are contained for each region with a corresponding regional graph in the attached downloadable PDF.
The PSR Truck Production Index is produced by Chris Fisher, PSR Senior Commercial Vehicle Analyst and Jim Downey, PSR Vice President- Global Data Products. PSR
