ST. PAUL, MN (JULY 14, 2017)—The Power Systems Research Truck Production Index (PSR-TPI) increased from 100 to 114, or 14%, for the three-month period ended June 30, 2017, from Q1 2017. The year-over-year (Q2 2016 to Q2 2017) gain for the PSR-TPI was, 111 to 114, or 2.7%.
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 of commercial vehicles maintained by Power Systems Research.
SUMMARY: While the global economy is mixed, the overall trend for economic growth remains positive and bodes well for commercial vehicle demand. Commodity prices continue to hinder growth primarily due to overcapacity in the Chinese market.
Regionally, except for South America, India and Turkey regional commercial vehicle demand is typically at historic replacement levels and are expected to remain that way throughout the remainder of the year. After seeing a couple of poor years for demand in Russia, it appears commercial vehicle sales have rebounded.
Detailed comments are contained for each region with a corresponding regional graph in the attached downloadable PDF.
Chris Fisher is the senior commercial vehicle analyst at Power Systems Research
Jim Downey is vice president -global data products at Power Systems Research
