2013-01-08 16:48:23 - Fast Market Research recommends "Canada Autos Report Q1 2013" from Business Monitor International, now available

BMI has highlighted the record North American production achieved by Japanese brands Honda Motor and Toyota Motor in 2012, as they recovered from the natural disasters that had hampered production in 2011. This led to an upward revision of our US production forecasts. As there are instances of Japanese brands using Canada as a global base for certain models - Honda uses its Canadian plant as a base for its small cars and crossovers - a similar impact is being felt in the country, with total light vehicle production for 10M12 18.6% higher year-on-year (y-o-y).

We have revised our passenger car output growth forecast for 2012 to 15%, in light of better-than-expected production, as well as the agreements reached between the

Big Three carmakers and the Canadian Auto Workers (CAW) union, which removed the previous downside risk of disruption through strike action.

Similarly, we have revised our sales outlook for passenger cars up slightly to 8.0%, as sales for 10M12 were 10.1% higher y-o-y, although sales for the latter months of the year are, traditionally, slower. Our view on weaker growth for the light truck market has played out, with sales up 4.1% y-o-y for the 10-month period, in line with our forecast. The strength of the recovering car brands is also evident in the Detroit/import sales split, with growth of 12.7% y-o-y for import nameplates, compared with 0.2% for Ford Motor, Chrysler and General Motors Company (GM) combined.


Full Report Details at
- www.fastmr.com/prod/523864_canada_autos_report_q1_2013.aspx


We maintain our cautious forecasts for 2013 and beyond, particularly in terms of production. Carmakers have raised concerns about Canada's competitiveness as a production base, particularly for exports, owing to the strong dollar and high labour costs. This became a key issue in the contract negotiations between the CAW and Ford, GM and Chrysler. In a September 2012 Globe and Mail report, Ford said total labour costs, including pensions and healthcare, were US$16 per hour higher in Canada than in the US.

Report Table of Contents:

BMI Industry View
- BMI Industry View
SWOT
- Autos Industry SWOT
Global Industry Overview
- Global Autos Update: UK Boosts Europe But Favourites Still Outperform
- Table: Passenger Car Sales 8M12
- Incentive Boom For Japan, US Powers On
- UK Leads As Germany Falters
- Russia And Brazil Go From Strength To Strength
Industry Risk Reward Ratings
- Industry Risk Reward Ratings
- Table: Table: BMI Risk/Reward Ratings For Autos Industry In Americas
Industry Forecast
- Industry Forecast
- Table: Table: Canada Autos Sector: Historical Data And Forecasts, 2010-2017
Competitive Landscape
- Competitive Landscape
- Table: Table: Canada - Top 10 New Vehicle Sales (CBUs)
- Table: Table: Canada - Top 10 New Vehicle Sales (CBUs)
- Commercial Vehicles
- Investment
Company Profile
- Ford Motor
- General Motors
Methodology
- How We Generate Our Industry Forecasts
- Automobile Industry
- Sources

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