Canada’s Motor Vehicle Parts Manufacturing Industry: Industrial Outlook Autumn 2016

The Conference Board of Canada, 10 pages, January 9, 2017
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This report examines the short-and medium-term economic and profitability outlook for Canada’s Motor Vehicle Parts Manufacturing Industry.

Document Highlights

Production Volumes—Stability in motor vehicle assembly volumes following successful negotiations between the Detroit Three and the Canadian automotive union Unifor will ensure strong demand for Canadian-made motor vehicle parts.

U.S. Vehicle Sales—Fuelled by pent-up demand going back to the last recession, vehicle sales in the U.S. will remain at around 17 million units a year through 2021.

Investment—Canadian automakers have committed nearly $750 million toward updating production facilities for auto parts manufacturers, with an emphasis on high-margin engines and connected systems.

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