Canada’s Motor Vehicle Parts Manufacturing Industry: Industrial Profile Summer 2015
The Conference Board of Canada, 2 pages,
August 25, 2015
This industry profile provides a five-year forecast for Canada’s Motor Vehicle Parts Manufacturing Industry.
- Canadian Dollar—A weaker Canadian dollar will support the competitiveness of Canadian motor vehicle parts manufacturers, both at home and abroad.
- U.S. Vehicle Sales—A healthy labour market and pent-up demand are underpinning the outlook for U.S. vehicle sales. This, in turn, should support demand for auto parts over the near term.
- Shifting Auto Production—Strong investment by vehicle manufacturers in southern U.S. states and Mexico will continue to take parts production with it.