Richmond Hill, Ontario – Light vehicle sales in Canada were down by 16.5 per in May, the seventh month in a row where sales dropped from the previous year, according to industry analyst Dennis DesRosiers.

“This is not good, but when you translate these sales numbers into a seasonally-adjusted annual rate, the data shows a stabilization of sales in Canada at about 1.45 million units,” DesRosiers said. Since most automakers and analysts have a 1.35 million annual rate in their forecast, DesRosiers said that the Canadian market appears to be stabilizing at around 100,000 units above internal forecasts, and that a number of companies are running relatively low on inventory.

While many companies were down considerably from May 2008, including a 50 per cent drop for Chrysler, Mercedes-Benz and Mitsubishi reported all-time record sales for the month, and Kia, Hyundai, Audi and Volkswagen were up. Overall, passenger car sales were down by 24.0 per cent, but light trucks were only down by 5.6 per cent. The 154,018 total for the month was the worst May since 1999.

Light vehicle sales for May 2009 were as follows:

Manufacturer May 2009 May 2008 % Change
       
Chrysler 13,593 27,201 -50.0
Ford 21,873 23,562 – 7.2
General Motors 31,546 35,937 -12.2
       
Acura  1,578  1,996 -20.9
Audi  1,081    836 +29.3
BMW  2,676  2,747 – 2.6
Honda 14,046 16,898 -16.9
Hyundai 11,204  9,508 +17.8
Infiniti    718    832 -13.7
Jaguar     92    112 -17.9
Kia  5,032  4,010 +25.5
Land Rover    174    190 – .8.4
Lexus  1,587  1,825 -13.0
Mazda  8,009  9,676 -17.2
Mercedes-Benz  2,344  2,192 + 6.9
Mini    552    577 – 4.3
Mitsubishi  1,931  1,847 + 4.5
Nissan  7,672  8,846 -13.3
Porsche    161    208 -22.6
Saab     65    154 -57.8
Smart   178   440 -59.5
Subaru  1,940  1,931 + 0.5
Suzuki  1,255  1,528 -17.9
Toyota 19,729 26,664 -26.0
Volkswagen  4,209  3,920 + 7.4
Volvo    773    830 – 6.9
       
Total sales 154,018 184,467 -16.5
Passenger cars  83,181 109,459 -24.0
Light trucks  70,837  75,008 – 5.6
 
    

Connect with Autos.ca