April vehicle sales dip but Chrysler strong
(Reuters) - Vehicle sales dipped in April from an exceptionally strong month the year before, but sales of fuel-efficient cars stayed strong.
Sales of cars and light trucks in Canada slipped 1.4 percent in April from a year earlier to 157,777 vehicles, the first monthly drop this year, according to data compiled by independent automotive analyst Dennis DesRosiers and released on Tuesday.
There were three fewer sales days this April than in April 2011.
High gas prices again pushed Canadians to seek out fuel-efficient cars, and this helped Chrysler to top the sales charts as it continued its strong performance this year.
Chrysler Canada said its sales rose 3 percent to 24,540 in April, its 29th consecutive month of sales increases, helped by a 43 percent surge in car sales to 5,283. Sales of trucks, heavier users of gas, increased 3.7 percent to 19,257.
"Our highly fuel-efficient new product is definitely giving our sales results a shot of adrenalin. After four months, we are off to the best start we have had in a decade," said Dave Buckingham, chief operating officer at Chrysler Canada.
Chrysler's sales are benefiting from the launch of smaller, European-styled cars designed by Fiat SpA, Chrysler's owner. It said it has sold more vehicles than any other company in Canada so far this year.
"With gas prices hitting record highs last month, we saw an increasing number of Canadian consumers choosing cars," said Dianne Craig, chief executive of Ford Motor Co's Canadian division.
Ford Canada vehicle sales fell 5.4 percent in April but car sales were 5.1 percent higher at 6,904. Truck sales slid 9 percent to 17,267. Continued...