(RICHMOND HILL, ON) – The first half of 2017 saw all areas of the Canadian automotive manufacturing sector perform strongly. Following a strong 2016, the Canadian Motor Vehicle Assembly industry was off to a relatively slower start in 2017, with January and February recording 4.8% and 10.0% less shipments year-over-year.
Motor vehicle assembly bounced back in March, May, and June and resulted in an overall 1.3% increase compared to the first half of 2016. This is the highest first half, with regards to motor vehicle assembly shipments, since 2005.
Shipments in the Canadian Motor Vehicle Parts and Accessories industry increased 2.8% in the first half of 2017 despite slowdowns in February and April; -6.1% and -3.9% respectively. Much like the Motor Vehicle Assembly industry, the Motor Vehicle Parts and Accessories industry recorded the strongest first half since 2005.
A significant increase was recorded for the Motor Vehicle Body and Trailer Manufacturing industry with shipments increasing 12% overall for the first half of 2017. While all six months in the first half of 2017 recorded increases over the previous year, May (+24.1%) reported the biggest year-over-year shift.
A similarly large increase was recorded for the Metalworking Machinery Manufacturing industry which reported a 31.9% increase in the first half of 2017 over 2016. Every month recorded an increase with May shipments increasing 46.7% compared to May 2016.
At the half year mark, the Motor Vehicle Body and Trailer Manufacturing industry was tracking at its highest since the recording started in 2010. The Metalworking Machinery Manufacturing industry, on the other hand, was at its highest since 2008 when looking at first half shipments.