The downward trend in PLI is accelerating, which implies a weakening of fleet cyclical factors that may overwhelm vehicle demographic factors resulting in lower parts aftermarket sales, CMVC says. In May, PLI was only 0.5 percent higher than the May 2018 Index.
“PLI reflects a substantial slowing in the growth rate of CV parts aftermarket sales in the coming months with the risks on the downside if fleet cyclical factors continue to soften,” says Chris Brady, CMVC president.
“A further weakening of fleet cyclical factors will result in strong corrective actions taken by fleets that are capable of dampening parts aftermarket sales in spite of an U.S. economy that continues to expand,” Brady says. “The downturn in PLI has accelerated the past two months, so probability of a moderate decrease in parts aftermarket sales is increasing.”
