Canadian auto industry posts best monthly sales in August 2014

Article by Andrew Christian, on September 8, 2014

Auto sales in Canada reached a new record in August, with carmakers posting an 8-percent surge in new vehicle sales, according to Dennis DesRosiers of DesRosiers Automotive Consultants. He said that strong demand of new vehicles in Ontario and parts of western Canada led to sales of 171,560 units last month, as a 14-percent increase in truck sales offset flat car sales.

DesRosiers noted in a report that the Canadian auto market has set five monthly sales records this year. He disclosed that auto sales in the country hiked 5 percent at 1,256,649 vehicles in the first eight months of 2014. Leading all carmakers was Ford Motor Co., holding the top spot for the fifth month in a row. Ford posted a 3-percent rise in sales to 27,988 vehicles.

With a 10-percent surge in truck sales to 22,539 vehicles, Ford was able to negate a 21-percent fall in car sales to 5,449 vehicles. Ford Canada chief executive Dianne Craig said in a statement that the carmaker is looking forward to “continued momentum in the fall." Chrysler Canada posted a record August sales after logging a 22-percent hike to 26,825 cars and trucks.

Strong gains for its trucks (33 percent hike to 24,302 vehicles) more than offset a weak performance by its car (32 percent drop to 2,523). Chrysler Group posted a 7-percent surge in sales in the first eight months of the year.

General Motors of Canada saw its August sales jump 5 percent to 22,111 vehicles, as a 7-percent leap in truck sales (16,089 vehicles) more than offset a 1-percent drop in car sales (6,022 vehicles). On the other hand, the auto industry in the United States posted its best ever August in more than a decade, as boosted by heavy discounting by carmakers as well as a strong Labor Day weekend close.

Topics: canada, sales

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