Auto sales fall in Canada but rise in US
Province posts 2.9 per cent increase despite single-digit declines in other regions
Auto sales across Canada are down 1.6 per cent as of May, but US auto sales bounced back, according to July figures.
Auto sales in British Columbia rose 2.9 per cent from May of last year, according to Statistics Canada, but most other provinces saw single-digit declines. While sales of passenger cars dropped across the country (11.9 per cent), sales of trucks rose 5.6 per cent in the month of May compared to the same period of 2015. Total Canadian motor vehicles sales have been rising steadily since 2011.
US auto sales had a strong start to the third quarter, according to a TD Economics note, totalling 17.8 million units in July –the highest monthly total since November – after falling to 16.6 million units in June. The brands with the biggest increases in sales across the US were Hyundai and Kia, which both rose six per cent year-over-year while Ford (-3 per cent), GM (-2 per cent) and Toyota (-1 per cent) all lost market share.