Overall, manufacturing and demand continues to trend upward in 2021 as economic conditions continue to recover and consumer demand for vehicles remains buoyant.
By any stretch, 2021 has turned out to be an unpredictable year for the auto industry.
For OEMs, the global semiconductor supply shortage continues to hamper new vehicle production while pent-up demand for vehicles has, in many cases created a sellers’ market for those dealers who are able to access inventory.
For Q3 2021, Global Automakers of Canada (GAC) member automakers delivered a total number of 292,085 light vehicles, which although slightly down from the same period in 2020 (-2.3%), total volumes for 2021 are still tracking higher than 2020, with 813,483 vehicles sold to date during 2021, versus 663,141 through the same period last year (a 22.7% increase).
Source: Autosphere (Sign up for Autosphere magazine and/or E-Newsletter: English / French)