Richmond Hill, Ontario – New-vehicle sales in Canada rose by only 1.4 per cent in October when compared to the same period in 2009, according to industry analyst Dennis DesRosiers. Even so, it marked the best October for sales since 2002.
“If you look at the six-month trailing average number, you will see that each month it is creeping up slightly, which is positive for the short-term outlook for vehicle sales in Canada,” DesRosiers said. “The 1.4 per cent increase for October brings year-to-date sales up by 6.6 per cent to 1.329 million units and puts us on track for about a 1.56 million total this year, an increase of at least 100,000 units since about 2006. But again, with the amount of incentive money in the market, one would have expected better.”
The overall number included a 13.6 per cent rise in light truck sales, which offset a 10.5 per cent decline in automobiles. The October sales numbers are as follows:
|Manufacturer||October 2010||October 2009||% change|
|General Motors||17,915||18,818||– 4.8|
|Land Rover||236||224||+ 5.4|
|Total sales||123,154||121,500||+ 1.4|