July 5, 2007


Hot June vehicle sales “best June on record”

Richmond Hill, Ontario – Canadian passenger car and light truck sales were up 7.6 percent in June to 169,174 vehicles, and up 5.8 percent for the first half of the year, according to automotive analyst, Dennis Desrosiers.

“This is the best June on record for Canada and comes on the heels of record sales during the month of May. The market is tracking at about 1.70 million units and we now have the possibility of record setting sales for the full year,” said Desrosiers.

A number of positive factors are supporting these sales numbers, said Desrosiers. “First, job growth in Canada is quite strong (despite the loss of manufacturing jobs in Ontario) and we have a saying in the automotive sector, “If you have a job, you need a car”. And if you have a job you can afford a vehicle. Second would be the strength of the Western resource economies. Third, is the strength of the dollar which is giving many OEMs some pricing power: Thus, you witness the current round of incentives that were launched yesterday despite the strength in the market.”

Notable gainers in June were BMW, up 43.2 percent and selling at almost twice the pace of Mercedes Benz. Mitsubishi up 48.0 percent, Land Rover up 39.5 percent, DaimlerChrysler up 24.1 percent, Nissan up 34.8 percent, Suzuki up 25.5 percent, Volkswagen up 29.2 percent and Smart up 21.3 percent.

Of the “Big Three”, DaimlerChrysler was up 24.1 percent, Ford was up slightly at 0.6%, but General Motors declined 6.5%. Desrosiers said that GM’s sales decline in June is mostly due to lower fleet vehicle sales, as the company is cutting back on sales to rental and corporate fleets.

Canadian vehicle sales by manufacturer:

Manufacturer June 2007 June 2006 Per cent change
Acura 1,890 1,825 3.6
Audi 844 705 19.7
BMW 2,768 1,933 43.2
DaimlerChrysler 22,029 17,755 24.1
Ford 25,439 25,282 0.6
General Motors 41,860 44,763 -6.5
Honda 15,017 12,737 17.9
Hyundai 7,582 6,801 11.5
Infiniti 661 628 5.3
Jaguar 65 112 -42.0
Kia 3,400 3,003 13.2
Land Rover 300 215 39.5
Lexus 1,272 1,266 0.5
Mazda 9,064 8,884 2.0
Mercedes-Benz 1,436 1,321 8.7
Mini 413 370 11.6
Mitsubishi 1,561 1,055 48.0
Nissan 5,922 4,393 34.8
Porsche 184 187 -1.6
Saab 298 286 4.2
Smart 467 385 21.3
Subaru 1,351 1,265 6.8
Suzuki 1,226 977 25.5
Toyota 19,399 17,256 12.1
Volkswagen 3,778 2,924 29.2
Volvo 1,008 958 – 5.2
Passenger Car 91,729 88,055 4.2
Light truck 77,445 69,231 11.9
Total light vehicle sales 169,174 157,286 7.6

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