Canadian new car sales figures continue their upward trajectory.
According to the latest issue of the Auto News Flash, published by Carlos Gomes, Senior Economist with Scotiabank, September’s new car market in Canada continued to set new records.
Gomes says that volumes jumped 8% above a year ago in September and boosted the year-to-date increase to 5.5%. “We estimate that the annualized sales pace climbed to 2.07 mn units last month,” he added, “lifting the year-to-date average to 2.046 mn.”
Light truck sales jumped 10% above a year earlier, while cars continue to struggle, with volumes declining 2% below a year ago. Sedans now account for less than one-third of the Canadian new vehicle market, down from 55% a decade ago.
“The third quarter of 2017 ended with automotive sales continuing to accelerate towards another record sales year in Canada with sales,” added David Adams, President, Global Automakers of Canada. “It was not that many years ago when 1.59 million in sales represented a good year for total annual sales. Consumer demand and the market continues to impress.”