Looking to 2015 and beyond, we maintain our view that the market will slow from its current pace, but positive growth, can be sustained over our forecast period to 2018, particularly if a soft landing for the housing market - a key indicator of light truck demand - can be successfully engineered. Our expectation for no rate hikes until the end of 2015 at the earliest also bodes well for vehicle sales, as auto loans have been driving growth in recent years thanks to low rates and longer terms.

BMI Industry View 7

SWOT 8

Political 9

Economic 10

Industry Forecast 11

Production, Sales and Trade 11

      Table: Autos Total Market - Historical Data And Forecasts, 2012-2018 11

Production 13

Passenger Vehicles 14

      Table: Passenger Car Market - Historical Data And Forecasts, 2012-2018 14

      Table: Top 10 New Light Vehicle Sales, 2012-2013 (CBUs) 15

      Table: Top 10 New Light Vehicle Sales, 8M13-8M14 (CBUs) 16

Commercial Vehicles 16

      Table: Commercial Vehicle Market - Historical Data And Forecasts, 2012-2018 16

      Table: Class 5 Truck Sales By Brand, 2012-2013 18

      Table: Class 6 Truck Sales By Brand, 2012-2013 18

      Table: Class 7 Truck Sales By Brand, 2012-2013 18

      Table: Class 8 Truck Sales By Brand, 2012-2013 19

      Table: Class 5 Truck Sales By Brand, H113-H114 20

      Table: Class 6 Truck Sales By Brand, H113-H114 20

      Table: Class 7 Truck Sales By Brand, H113-H114 20

      Table: Class 8 Truck Sales By Brand, H113-H114 21

Suppliers 21

Macroeconomic Forecasts 23

Economic Analysis 23

      Table: GDP By Expenditure (Canada 2011-2018) 29

Industry Risk/Reward Ratings 31

Americas - Risk/Reward Ratings 31

      Table: Americas Risk/Reward Ratings 34

Company Profile 35

Company Monitor 35

Ford Motor 38

General Motors 39

Global Industry Overview 40

      Table: Passenger Car Sales May 2014 (CBUs) 40

Outperformers Boost European Outlook 40

Trucks Give North America A Lift 41

India Brings Relief To BRICs 43

Demographic Forecast 45

Demographic Outlook 45

      Table: Canada's Population By Age Group, 1990-2020 ('000) 46

      Table: Canada's Population By Age Group, 1990-2020 (% of total) 47

      Table: Canada's Key Population Ratios, 1990-2020 48

      Table: Canada's Rural And Urban Population, 1990-2020 48

Methodology 49

Industry Forecasts 49

Sector-Specific Methodology 50

Sources 50

Risk/Reward Ratings Methodology 51

      Table: Automotive Risk/Reward Ratings Indicators And Weighting Of Indicators 52

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