Richmond Hill, Ontario – New-vehicle sales rose only 2.1 per cent in October from the same period a year ago, according to industry analyst Dennis DesRosiers. Year-to-date date sales are 1,349,828 units, an increase of 1.5 per cent.
“Ford remained the best-selling OEM in Canada year-to-date, although sales were down 2.4 per cent in September from year-ago levels,” DesRosiers said. “Ford’s market share in September was 15.3 per cent, compared to their year-to-date market share tracking at 17.7 per cent.”
DesRosiers noted that with the exception of Toyota, all Japanese brands saw their sales decline. “The Japanese OEMs have been telling us for a few weeks now that the negative impact of the tsunami is now largely behind them, so their poor performance must be rooted in other issues, although there (are) still some supply side issues that need to be addressed,” DesRosiers said. “I personally think that it will be next spring before all the tsunami issues are fully resolved.”
DesRosiers also noted that the Korean automakers have reached new sales records, which for Kia marks the 34th month of record sales. “It appears that the Koreans have benefited the most from the problems in Japan,” DesRosiers said.
Sales for October are as follows:
|Manufacturer||Oct 2011||Oct 2010||% Change|