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As the result of declining demand from American car buyers and increasing trade uncertainty, automotive production is expected to grow by only 0.8 per cent this year, according to the Conference Board of Canada’s latest outlook.

The Board’s newest report expects a U.S. sales decline of almost 1.5 million vehicles in 2018 from record sales of 17.46 million units in 2016. Sales are expected to average 16 million vehicles in the U.S. over the next five years.

Demand will be further compressed because U.S. millennials are buying vehicles at half the rate of Americans aged 35 to 54.

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