Richmond Hill, Ontario – New-vehicle sales were up 0.5 per cent in August, with light trucks leading the way, according to industry analyst Dennis DesRosiers. Light truck sales rose by 12.2 per cent, offsetting a 10.9 per cent decline in passenger cars.
“Over the last 24 months, we’ve had a half-dozen really great months, July being a good example, a half-dozen really bad months, but mostly, month-in and month-out sales have been okay but under-performing from many perspectives,” DesRosiers said. “August was such a month. The SAAR (seasonally adjusted annualized rate) was back down to 1.52 million units, a poor performance from anyone’s perspective. Canada is a market that should be able to do between 1.6 and 1.7 million units and sustain this level of sales for a number of years, so an annual rate of 1.52 million is not good.”
The sales figures for August 2010 were:
|Manufacturer||August 2010||August 2009||% change|
|General Motors||23,536||23,018||+ 2.3|
|Light vehicles||136,069||135,351||+ 0.5|
|Import nameplates||72,438||75,775||– 4.4|