Jim Downey

Jim Downey is a vice president-global data products at Power Systems Research.

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Truck Production Index for Q1 2023

The PSR-TPI decreased from 108 to 106, or -1.9%, for the three-month period ended March 31, 2023, compared to Q4 2022.

Global medium and heavy vehicle production is expected to decline by 10% this year primarily because of a drop in demand in China and Eastern Europe. However, a slowing global economy will also place pressure on demand moving forward.

Medium- and Heavy-Duty Truck Production Expected to Decline 10%

Global medium and heavy vehicle production is expected to decline by 10% this year primarily because of a drop in demand in China and Eastern Europe. However, a slowing global economy will also place pressure on demand moving forward.