St. Paul, MN (Oct. 13, 2024)— The Power Systems Research Truck Production Index (PSR-TPI) decreased from 123 to 112, or-8.9%, for the three-month period ending Sept. 30, 2024, from the Q2 2024. The year-over-year (Q3 2023 to Q3 2024) decrease for the PSR-TPI was, 114 to 112, 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 2024, Medium and heavy commercial vehicle production in Europe, South Asia, Japan/Korea and North America is expected to decline modestly while production in China and South America, is expected to improve over last year.
Global Index. Globally, medium and heavy commercial vehicle production is expected to decline by 1.4% this year over 2023. Moving into 2025, much of the focus on demand will be centered around slowing global economic conditions that will likely impact overall freight demand. PSR
Jim Downey is Vice President-Global Data Products
Chris Fisher is Senior Commercial Vehicle Analyst
