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The automotive industry has begin to recover, according to a report

There is light at the end of the tunnel for automakers, according to a Wednesday revealed that Scotia Economics report published.

The reduction of the Combined production increased sales could lead to industry to bring the stock to a "more reasonable level," according to lead economist and specialist in the automotive sector has Scotiabank Carlos Gomes.

He explained that the stocks will be more compliant has reduced demand.

The report expects that some American manufacturers could provide greater benefits to 10 percent of one quarter to another.

In Canada, production could increase by 10 per cent between April and June.

Gomes says that some factors, including "the rising prices of used cars, increased access to credit and the slight improvement in consumer confidence" will have an impact on sales of cars in the country in the months come.

According to the report, worldwide sales of vehicles "have begun to recover."

The automotive industry has begin to recover, according to a report picture #1

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