Before the signing of the 1965 Auto Pact by Canada and the US, American car companies were forced to produce Canadian-specific models in branch plants located largely in Ontario. But with America exporting most of the required components, Canada racked up big trade deficits due to the value of parts crossing the border. The Auto Pact abolished automobile-related tariffs between the 2 countries and, in exchange, the Big 3 automakers pledged that Canadian auto production would not fall below 1964 levels. Canada would produce a smaller variety of vehicles, but in greater numbers – many of which were destined for the US. The net result was more efficient production and lower vehicle prices. Take a look at our new infographic to take stock of our automobile plants and what they produce for Canadians and the rest of the world.
Right here in Cambridge, ON is our used car dealership, where you can find a luxury vehicle of your choice and at a good price. Visit us today!
Sources:
https://autofile.ca/en-ca/car-phoos/18-reasons-to-admire-canadian-auto-production
https://www.crsautomotive.com/bestselling-vehicles-in-canada/
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