September 6, 2006
New-car sales up 7.8 per cent in best August since 2002, analyst says
Richmond Hill, Ontario – Sales of new passenger cars and light trucks rose 7.8 per cent in August, with year-to-date sales up 0.4 per cent, says industry analyst Dennis DesRosier. Overall August sales of 153,638 units were by far the most vehicles ever purchased in August, breaking the previous record of 148,100 in August 2002. The strong month follows sales that were down 8.5 per cent in July.
DesRosiers says that there are several reasons for the increase, including a boom in oil- and other resource-based provinces; stronger incentives, including the value of the dollar which helps pricing, depending on the source of the vehicle; and better availability of some models in Canada, due to a soft U.S. market.
Sales for August 2006 were:
|Manufacturer||August 2006||August 2005||Per cent change|
|General Motors||37,012||38,765||– 4.5|
|Land Rover||210||198||+ 6.1|
|Light vehicle sales||153,638||142,537||+ 7.8|
|Passenger car||82,245||78,942||+ 4.2|