Inflation Hangover: Canadian manufacturing at a historic seven-year slow
Toronto, Ontario — Canada’s manufacturing sector is facing its longest slowdown in seven years, according to recent data by S&P Global Canada. This data indicates that Canada’s Purchasing Managers’ Index (PMI) fell to a seasonally adjusted 49.2 in December from 49.6 in November, the fifth month in a row where the index remained below the […]
Underachievement Unlocked: 2022 may have seen lowest auto sales in more than ten years, automotive consultants say
Toronto, Ontario — Annual light vehicle sales volumes for 2022 are on track to break the 1.5 million purchase volume maintained for more than a decade, according to an estimate from market research company, DesRosiers Automotive Consultants (DAC). Specifically, they predict that 2022 will wrap up with sales below 1.5 million units due to November’s […]
Popularity Contest: Ford F-150 remains Canada’s most sought-after vehicle, Honda Civic surges in popularity
Toronto, Ontario — Canadian automotive marketplace AutoTrader unveiled a report last Thursday concerning car shopper preferences in 2022, indicating that luxury and mainstay vehicles remain the most popular vehicles, with interest in more economic options driving other contenders towards the Top 10. Impressively, the Ford F-150 holds strong as Canada’s most sought-after vehicle for the […]
Regional Tradeoffs: Panel ruling favours Canada and Mexico in 2020 US-Mexico-Canada Agreement dispute
Washington D.C., United States — Mexico and Canada have won a dispute with the United States regarding cars shipped across regional borders, according to a report first published by Bloomberg. According to people familiar with the decision, a publicly unavailable report by the 2020 US-Mexico-Canada Agreement’s dispute-resolution panel made a ruling loosening the formula deciding whether […]
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Steady Markets: AutoTrader predicts stable vehicle purchases despite changing economic outlooks for Q3, 2022
Toronto, Ontario — AutoTrader has released its latest “vehicle purchase intentions” study with one particularly surprising result—24 percent of Canadians polled expect to buy a vehicle in the third quarter of 2022, 6 percent higher than the 18 percent who expected to buy a vehicle in the third quarter of 2021. According to the study, […]
Strategic Planning: AkzoNobel adjusts prices to counter shipping crisis, sees 19 percent revenue increase
Amsterdam, Netherlands — AkzoNobel has released its Q3 2022 financial results, reporting strong revenue gains thanks to price hikes outpacing expected losses from lower volume, higher material costs and global inflation. Specifically, the company has increased its revenue by 19 percent by increasing prices by 13 percent, justified as a way to offset increases in […]
Silicon Shift: Global car production forecasted to increase, says research analyst
Toronto, Ontario — Global car production is forecasted to increase in the second half of 2022 thanks to supply chain recovery, according to a report by, J.P. Morgan Research, a research wing of the international banking company. Semiconductor and chip shortages are nearing the end and should become more readily available in the second half […]
Fuel Surge: CIB invests $500M to develop Canadian ZEV charging, hydrogen refuelling infrastructure
Toronto, Ontario – Last Wednesday, the Canada Infrastructure Bank announced the launch of the Charging and Hydrogen Refuelling Infrastructure Initiative (CHRI), which will seek to invest $500 million into the installation of zero-emission vehicle (ZEV) chargers across Canada. According to the public interest oriented crown corporation, this project aims to reduce greenhouse gas emissions, accelerate […]
Gettin’ Down in Motown: Detroit Annual Auto Show returns after three-year hiatus
Detroit, Michigan – Detroit’s annual auto show returns in mid September after a three year hiatus due to Covid-19. The event’s focus is changing from general automotive appreciation and industry displays to “celebrating the biggest transformation of the industry since Henry Ford launched the first assembly line more than a century ago.” Highlighting the EV/AV […]
