September 25, 2020

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    Automakers sold a record number of automobiles in Canada throughout March, with General Motors Canada leading in sales volume and giving its best month-to-month sales performance since 2008.

    Total Canadian sales were followed by an 11.1 percent boost in consumer demand for pickups and sport utility vehicles throughout the month, which more than offset a 0.3 percent drop in passenger car sales.

    Automakers sold 187,540 vehicles last month, a 7.1 percent boost over the same duration last year, which at the time was the best March considering 1988, as per market information from Desrosiers Automotive Consultants.

    Sales growth for the first three months of this year was 4.6 percent.

    GM Canada, that makes Chevrolet and GMC cars, reported double-digit sales growth, selling 30,115 vehicles in March, a boost of 22.9 percent from a year earlier when it sold 24,498 cars and trucks.

    Fiat Chrysler Automobiles (FCA) noted minimal sales rise, with 26,531 cars and trucks sold during the month, compared to 26,469 a year earlier.

    In last month, Ford Motor sold an overall of 26,487 cars and trucks in Canada, rising from 26,447, a 0.2 percent increase.

    In the United States, monthly figures can be found in below market expectations, contributing to issues that the boom in U.S. vehicle sales might be waning. Shares of the three huge automakers dropped on Monday, with FCA falling almost 5 percent, General Motors down 3.4 percent, and Ford closing 1.7 percent reduction.

    Other automakers likewise reported a considerable boost in Canadian sales, consisting of Nissan Motor that sold 14,523 vehicles, representing a 26.7 percent increase. Honda Canada posted an 18.7 percent increase, selling 17,392 vehicles.


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