Key Market Indicators
Canadian Commercial Vehicle Registration is set to reach nearly 20 million units by 2026. It was 14.9 million in 2021, a 5.5% year-on-year increase. Since 2010, the market has grown by 62.5%. Mexico, Argentina and Australia are the next three largest markets. Vehicle production in Canada is expected to reach 1.1 million units by 2026, down 0.9% from the 2021 figure of 1.08 million. Since 2002, the supply has fallen by 7% each year. Canada was number five in 2021, with Mexico overtaking it with 1.08 million units. China, Mexico and Canada make up the top three markets in this ranking.