CANADA'S LEADING INFORMATION SOURCE FOR THE METALWORKING INDUSTRY

LATEST MAGAZINE

CANADA'S LEADING INFORMATION SOURCE FOR THE METALWORKING INDUSTRY

CANADA'S LEADING INFORMATION SOURCE FOR THE METALWORKING INDUSTRY

Canadian automotive assembly experiences strong jump in 2023

Share This Post
Honda was one of the OEMs experiencing significant growth in its assembly operations last year. Honda production was up 57.3%. PHOTO courtesy Honda.

There’s positive news for Canadian job shops serving the nation’s automotive sector. Canadian automotive assembly grew by more than 300,000 units between 2022 and 2023, according to DesRosiers Automotive Consultants.

Based on DAC’s report, four out of five light vehicle OEMs experienced growth last year. Toyota led the way with production reaching 525,787 units, followed by Honda with a total of 378,477 units (up 57.3 per cent). General Motors was the only manufacturer to show a decline in production, which DAC said dipped slightly to 139,465 units.

“Light vehicle assembly has long been a staple of the Canadian manufacturing environment and it’s continued post-pandemic recovery is a welcome sign,” said Andrew King, Managing Partner at DAC, in a release..

King pointed out that much investment has been made into the Canadian automotive assembly industries and related sectors in recent years and these investments are making for a “major structural realignment towards zero-emission vehicles.”

Share This Post

Recent Articles




Wordpress Social Share Plugin powered by Ultimatelysocial
error

Enjoy this post? Share with your network