According to CMVC, the PLI increased 0.6 percent in August from July and is up 7.3 percent year-over-year. CMVC states this month’s increase is the 14th in a row.
“PLI is signaling the growth rate of parts aftermarket sales will strengthen in the coming months as the truck population is operating at high utilization rates, implying trucks are depreciating at normal rates and new truck sales are above replacement demand volumes, resulting in an expansion of truck population,” says Chris Brady, president of CMVC.
“Accelerating parts aftermarket retail sales will strengthen output from parts manufacturers, as parts orders from the channels of distribution reflect expanding sales and a building of parts inventory levels in response to higher parts sales.”
