Will 2015 Prove To Be Canada's Best Year Ever For Auto Sales?

According to DesRosiers Automotive Consultants Inc., a consulting and market research company specializing in the automotive sector, the Canadian automotive industry is well on its way to experiencing a record-breaking year in new car sales. Last month new vehicle purchases reached an all-time high with 163,053 light vehicles sold -- that's a 5.1% increase over last year's previous all-time high for the month of October.

It also turns out October 2015 was a particularly satisfying month for luxury vehicle purchases, as evidenced by figures compiled in DesRosiers' latest monthly report, where luxury brands like Land Rover increased by 71.9%, Porsche up 45.5% and Lexus rising to 29.4%. Other auto brands that shared in double-digit sales last month include Nissan, Infiniti, Honda, Volvo and Subaru.

And although Volkswagen is taking a major hit over its emissions-cheating scandal in recent times, that didn't appear to have an impact on its overall sales in Canada where it experienced an 8.3% increase with 5,715 vehicles sold. General Motors sales also rose for the first time since last April, earning the sales title crown for last month's vehicle sales with a 5.8% increase to 23,268 cars & light trucks sold, followed by Fiat Chrysler Automobiles with a 0.4% increase to 22, 384 in purchased vehicles.

As for the major vehicle brands, Ford Canada sales increased by 0.2% to 22,080 vehicles, while Toyota Canada sales were up 4.2% at 16,891 vehicles, followed by Hyundai sales climbing 4.4% to 11,607. In terms of by category, passenger car sales dropped by 9.6% to 58,711 last month, however the decline was more than offset by a 15.7% surge in light truck sales to 104,342 vehicles.

“As we continue to close in on year end, setting a record year in 2015 is looking less like a possibility and more like a reality,” DesRosiers said. To read their sales report, click here. 
 

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