Canada’s auto marketplace bucks 5-year production drop, much more gains envisioned: DesRosiers – Nationwide

DesRosiers Automotive Consultants Inc. claims Canadian auto production rose very last yr to break a 5-year streak of declining output.

The consultancy states overall gentle vehicle output totalled 1.24 million models in 2022, an enhance of 12 for each cent from a calendar year earlier.

Auto production took a big hit for the duration of the COVID-19 pandemic as supply chain disruptions, together with a protracted semiconductor chip lack, left automakers scrambling to locate components.

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Canadian creation however has been declining for decades from the 2.36 million units generated in 2016 as automakers reduce again on shifts and closed plants.

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The 2022 creation numbers from DesRosiers show Normal Motors greater its creation by 306 for each cent in Canada from a 12 months previously, thanks in part to the reopening of its Oshawa assembly plant and the start of production of their BrightDrop EV shipping and delivery vans.

A the latest Scotiabank report stated that the pieces situation that eased past 12 months is envisioned to make improvements to even further this calendar year to assist strengthen production to an believed 1.4 million units in Canada.

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