St. Paul, MN (Oct. 13, 2025)— The Power Systems Research Truck Production Index (PSR-TPI) decreased from 117 to 107, or -8.5%, for the three-month period ending Sept. 30, 2025, from Q2 2025. The year-over-year (Q3 2024 to Q3 2025) loss for the PSR-TPI was, 109 to 107, 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.
This data comes from OE Link™, the proprietary database maintained by Power Systems Research.
All Regions. In 2025, Medium and heavy commercial vehicle production in South America, Greater China, South Asia and Japan/Korea are expected to increase while European and North American production is expected to decline significantly this year over 2024. Truck demand in North America and Europe is expected to show slight improvement in 2026.
Global Index. Globally, medium and heavy commercial vehicle production is expected to decline 3.2% this year over 2024. A moderate softening of the global economy along with negative impacts from increased tariffs has placed pressure on vehicle demand this year. However, global truck demand is expected to see some improvement in 2026. PSR
Jim Downey is vice president – global data products at Power Systems Research
Chris Fisher is Senior Commercial Vehicle Analyst for Power Systems Research
