Automakers report Canadian sales gains, break 2013 record
By Allison Martell
TORONTO (Reuters) - Major automakers reported their best ever Canadian sales performance last year, with Ford Motor Co (F.N: Quote) holding on to the top sales spot for 2014, despite a late surge by Fiat Chrysler Automobiles NV's (FCAU.N: Quote) Canadian unit.
Chrysler Canada sold 21,613 cars and trucks in December, 40 percent more than a year earlier and wrapped up the best unit sales year in its 90-year history. Chrysler's sales beat Ford's in October and November.
Even so, Ford was the country's top-selling automaker for the fifth straight year. Its sales jumped 40 percent to 22,640 for December and rose 3 percent to 291,951 for the full year. Chrysler's 2014 sales increased 12 percent to 290,004.
"The battle for best-selling vehicle company remained tight all year," DesRosiers Automotive Consultants said in a note to clients. "Ford moved into the number one position in September and didn’t look back."
DesRosiers said the 1.85 million vehicles sold in Canada topped the previous record from 2013 by more than 100,000.
The news came as automakers reported strong U.S. sales for December, boosted by falling gasoline prices, but executives cautioned that growth could slow in 2015 after five years of recovery from the recession.
General Motors Co's (GM.N: Quote) Canadian unit sold 13 percent more vehicles in December than a year earlier, and full-year sales rose 6.3 percent to take third spot.
Toyota Motor Corp's (7203.T: Quote) Canadian unit was fourth, up 2.8 percent at 200,851. In December, it barely improved on a year ago, notching truck sales gains that offset a slip in car sales. Continued...