Canadian auto market on its way to a new sales record year image

The sales results of the first six months of the year point out to another record-breaking year for the Canadian automotive industry.

According to data gathered by the Canadian DesRosiers automotive research company, light-passenger car registrations in the region rose by 6.0 percent after the first six months of the year, to 989.2 million vehicles. Following the expected sales decline in May – the first monthly drop since December – the market bounced back last month with a 7.4 percent growth up to 191,088, helped by a 13.9 percent boost in demand for light trucks which contrasted with a 2.9 percent fall of sedans. Canadian auto sales are seen this year to overpass the previous 2015 record of 1.9 million units and to hit 1.96 million.

All major US automakers reported a solid sales pace in Canada last month. General Motors said its Chevrolet, Buick, GMC and Cadillac dealers delivered 26,045 vehicles in June 2016, up 8 percent compared to one year earlier, and 2.3 percent more in first half to 130,202 units. Fiat Chrysler reported a total of 27,776 vehicles sold in June 2016, representing a 2 percent increase, while through the first six months of this year, it is said to have sold 152,439 vehicles, the best ever result for the period. “At the mid-year point, FCA Canada is on pace for another record-setting sales year,” Dave Buckingham, Chief Operating Officer, FCA Canada, stated. Ford also had a strong year so far, rising 7 percent to 28,718 vehicles in June and 12 percent to 149,942 units during the first half.