Canadian auto sales down
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Canadian auto sales declined steeply in August among all major automotive manufacturers. Total sales for August wer...
Canadian auto sales declined steeply in August among all major automotive manufacturers. Total sales for August were down 6.7% compared with the same month last year. DaimlerChrysler Canada reported a 3.2% decline in total sales; Ford Motor of Canada saw sales drop 11.9% and GM of Canada said monthly sales fell 11.4%. Toyota Canada reported a 5.2% drop in sales for the month. A combination of high oil prices and an over-reliance on consumer incentives to sell vehicle is being blamed for the sales decline.
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