Truck, luxury car demand drive record June sales in Canada
By Susan Taylor
TORONTO (Reuters) - A healthy appetite for trucks and luxury cars pushed auto sales in Canada to a record high for June, with Fiat Chrysler Automobiles (FCHA.MI: Quote) the top seller, according to data released on Thursday.
Overall sales nudged 1.2 percent higher to 177,857 cars and light trucks, making it the strongest June on record. Year-to-date sales were up 2.7 percent at 933,439 vehicles.
"Ongoing gains being enjoyed by the luxury manufacturers in the Canadian market turned into a veritable feast in June," DesRosiers Automotive Consultants wrote in a note to clients.
A handful of luxury brands exceeded gains of 25 percent, the automotive research firm said. Land Rover and Acura sales both rose 28 percent, with Porsche sales 26 percent higher.
The strongest-performing full-line manufacturers included a 15 percent jump for General Motors (GM.N: Quote) to 24,226 vehicles, a 10 percent lift at Nissan (7201.T: Quote) to 11,623 vehicles, and a 10.5 percent gain at Toyota (7203.T: Quote) to 20,689 vehicles.
GM and Toyota recorded big increases in pickup-truck sales, while Fiat Chrysler's Dodge and Chrysler minivan sales rose 14 percent.
Pickup and car sales fell at Ford (F.N: Quote), for a 13 percent overall decline to 26,784 vehicles.
Fiat Chrysler said its Canadian sales notched a 1 percent rise to 27,217 vehicles, 6,186 of them minivans. Continued...