St. Paul, MN — The Power Systems Research Truck Production Index (PSR-TPI) increased from 107 to 111, or
3.7%, for the three-month period ended Dec. 31, 2025, from Q3 2025. The year-over-year (Q4 2024 to Q4 2025) loss for the PSR-TPI was, 113 to 111, 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 2026, all regions are expected to see some level of improvement in the MHCV segment. After low levels of production in Europe and North America in 2025, a slight increase in demand in 2026 is expected as both regions recover and should see stronger demand in 2027 and 2028. All other regions are expected to see improvement as well.
Global. Globally, medium and heavy commercial vehicle production is expected to decline by 3.7% this year over 2025. A moderate softening of the global economy along with negative impacts from increased tariffs had placed pressure on vehicle demand last year but market conditions are stabilizing heading into 2026.
North America.Medium and heavy truck production in North America is expected to increase by 4.9% this year compared with 2025. While class 8 truck production is expected to increase by 6.1% this year, the industry continues to be negatively impacted by the weight of the tariffs, low freight demand, excess truck capacity, and high finance rates which are expected to continue through at least the first half of the year. PSR
Jim Downey is vice president – global data products at Power Systems Research
Chris Fisher is Senior Commercial Vehicle Analyst for Power Systems Research
