The Canadian auto industry is still booming in spite predictions that Canadian auto buyers will slow down this year. According to the Ontario paper, the productivity in the auto industry in Canada has increased more than in the United States. In 2005, Canada leads the United States by five percent. This increase is said to be 50 percent more than the increase in the overall economy of Canada.
The increase in productivity in the Canadian auto industry means that production of auto parts for Canadian. The increase in production also means that the increasing demand in the Canadian auto market will be met.
The value of the loony may be increasing but analysts fear that it will soon come to an end. But for now, Canadian auto buyers are still buying more vehicles. With a healthy economy, the number of people having successful careers will be able to afford to buy new cars.
The increased car buying in Canada is also the result of the discounts being offered by automakers to consumers in the country.