Early in the year, the outlook for the global auto industry looked dire. Dealerships were temporarily shuttered and production was halted as the global pandemic caused the shortest and steepest post-war recession on record. Still, vehicle sales have managed to chart a V-shaped recovery. What will 2021 bring? Will vehicle sales continue to stabilize? Will production return to pre-pandemic levels? How will the USMCA impact the industry? Listen as BMO Economist, Erik Johnson, provides an update on the Auto Industry economic market report and discusses key issues affecting the Canadian Auto Industry.
