Canadian Car Market (PC + LUV) 2017
- The Canadian automotive market (PC + LUV) continued to increase in 2017 (+ 4.5%), unlike its two neighboring markets, the US (-1.7%) and Mexico (-4.6%) which dropped after several years of growth. The volume of the Canadian market exceeded the mark of 2 million units for the first time, at 2,034,000 vehicles, against 1,948,000 units in 2016. Inovev expects a small decline in the Canadian market in 2018.
- The share of light trucks (SUV, MPV, pick-up) continued to grow last year, reaching 69% of the market (against 66% in 2016), while that of passenger cars continued to decline, reaching only 31% of the market (compared to 34% in 2016).
- The strongest gains in 2017 were recorded at Volkswagen (+ 16.7%) and GM (+ 13.3%). Two manufacturers lost market share in 2017: FCA (-4.2%) and Hyundai-Kia (-1.5%).
- The Canadian market leader in 2017 remains the Ford group (14.9% market share), but the GM group (14.9% market share) is now almost at the same level. FCA group (13.1%) fell away from the first two and lost its third place acquired in 2016. Toyota (11.0%), Hyundai-Kia (10, 2%) and Honda (9.7%) follow. The other manufacturers are far behind.
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