CANADA'S LEADING INFORMATION SOURCE FOR THE METALWORKING INDUSTRY

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CANADA'S LEADING INFORMATION SOURCE FOR THE METALWORKING INDUSTRY

CANADA'S LEADING INFORMATION SOURCE FOR THE METALWORKING INDUSTRY

Metal manufacturers serving the automotive sector have reason for optimism

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Canadian light vehicle sales were up 7.5% in January compared to the previous year. PHOTO courtesy GM

For metal manufacturers serving the automotive market, there is good news about light vehicle sales after a woeful 2022.

DesRosiers Automotive Consultants Inc. (DAC) reported light vehicle sales in Canada in January were up 7.5% compared to the same month a year ago. The automotive industry research firm estimated that 98,259 new light vehicles were sold by reporting manufacturers in January, compared to 91,411 in January of 2022.

DAC says it is seeing signs of improved vehicle availability at a growing list of manufacturers.

The significant uptick in January is particularly welcome after continuing supply chain issues led to 2022 posting the lowest annual sales total since 2009.

While there is concern the automotive market may dip come spring, as it did the previous year, Andrew King, DAC’s managing partner says he’s hopeful the market this year will continue to grow.

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