Vehicle sales in North America have recovered well from the late decade trough, and most analysts are bullish out to the end of the decade. Normally, this would bode well for Canadian vehicle and parts producers. However, manufacturing in this country is not safe or sustainable in its present form. Growing – or even maintaining – our present share of the global automotive assembly market will require a wholesale rethink of our country’s automotive investment strategy.
In this month’s Observations, we’re looking at key industrial indicators in order to track and understand the decline in our vehicle parts and assembly sectors. From production volumes to per-vehicle Canadian content to capital investment levels (among many other metrics), we note that present declines are not cyclical but rather the result of fundamental changes in the geographic structure of North American manufacturing.
DAC offers regular coverage and discussion of topics related to vehicle and parts manufacturing, federal and provincial industrial policy and other topics of relevance to Canadian automotive industry participants in our DesRosiers Automotive Reports and AutoWatch newsletters. Contact Pina Vaccaro (905-881-0400 x.18) for pricing and subscription information.