Industry Analysis & Industry Trends
Over the five years to 2016, the Car and Automobile Manufacturing industry has struggled to recover from recessionary lows. Dissuaded by high labour costs in Canada, many international automakers have refocused investment toward Mexico and the United States. As a result, output has fallen from Canada's biggest car producers. Over the next five years, the industry is expected to remain relatively unchanged. Disposable income levels are anticipated to rise, while demand from new car dealerships will climb at a moderate rate. These factors will stabilize revenue growth to a degree. However, economic conditions in Canada will prove undesirable to major international automakers, encouraging a continued capacity shift to Mexico and the United States... purchase to read more
Industry Report - Industry Products Chapter
To address consumers' changing preferences, automakers have been overhauling their product portfolios. Fuel efficiency has become a top design concern for manufacturers, with more car models featuring hybrid-electric drivetrains, smaller forced-induction engines and more advanced transmissions delivering fuel economy gains.
Midsize and full-size sedans
Midsize and full-size cars are the mainstay of this industry. Over the past 20 years, midsize and compact car sales have gained market share over full-size cars as consumer preferences changed. Skyrocketing gas prices in the early part of the five-year period made consumers trend toward mid-size, more fuel-efficient cars... purchase to read more