This report examines the short-and medium-term economic and profitability outlook for Canada’s Motor Vehicle Parts Manufacturing Industry.
Canada’s Motor Vehicle Parts Manufacturing Industry: Industrial Outlook Spring 2014
Canada’s Motor Vehicle Parts Manufacturing Industry: Industrial Outlook Spring 2014
Industry Economic Analysis
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- Recovery in Canadian Vehicle Production—Following last year’s production decline due to retooling, motor vehicle manufacturing will experience a strong year in 2014.
- A Lower Canadian Dollar—A 90-cent dollar will add to revenues and boost profit margins, due to the high export share of the Canadian auto parts industry.
- Booming Vehicle Sales Will End—The current boom in North American vehicle sales is drawing to a close, as sales have now fully recovered from the effects of the recession.
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