This industry profile provides a five-year forecast for Canada’s Motor Vehicle Parts Industry.
Canada’s Motor Vehicle Parts Industry: Canadian Industrial Profile Summer 2010
Canada’s Motor Vehicle Parts Industry: Canadian Industrial Profile Summer 2010
Industry Economic Analysis
$565.00
- U.S. Recovery—U.S. vehicle sales are rebounding, but high debt levels and a weak job market are limiting consumer spending, and sales will remain below replacement levels until 2011. Sales of parts move in step with vehicle demand.
- Quality Concerns—The spate of Toyota product recalls could adversely impact the company’s brand cachet, hurting sales of Canadian-assembled Toyotas and their related parts manufactured in Woodstock and Cambridge.
- Assembler Solvency—General Motors has already repaid its Canadian and U.S. government loans, while Chrysler has begun to do so.
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