De­mand for trucks helps new ve­hi­cle sales climb

Cape Breton Post - - BUSINESS EXTRA -

TORONTO — Des­Rosiers Automotive Con­sul­tants says sales of new ve­hi­cles edged 1.2 per cent higher last month com­pared with a year ago, mak­ing it the best June on record. Cana­di­ans bought 177,857 new cars and light trucks last month - up from 175,678 in June 2014. The record sales were driven pri­mar­ily by de­mand for light trucks, which ac­cel­er­ated by 11.5 per cent to 109,400, up from 98,126 in June of last year. Mean­while, sales of pas­sen­ger cars slipped 11.7 per cent to 68,457 from the 77,552 cars Cana­di­ans bought a year ago. Fiat Chrysler claimed top spot with 27,217 ve­hi­cles sold, while Ford came in sec­ond place at 26,776 ve­hi­cles. Gen­eral Mo­tors trailed in third, selling 24,226 new ve­hi­cles in June. Des­Rosiers said lux­ury brands ex­pe­ri­enced the high­est yearover-year growth, led by Land Rover at 28.2 per cent, Acura at 27.6 per cent, Por­she at 25.9 per cent and Lexus at 25.8 per cent. “The on­go­ing gains be­ing en­joyed by lux­ury man­u­fac­tur­ers in the Cana­dian mar­ket turned into a ver­i­ta­ble feast in June,” the com­pany said in a news re­lease. In a re­port ear­lier this week, Sco­tia­bank an­a­lyst Car­los Gomes said lower ga­so­line prices have fu­elled sales of lux­ury SUVs this year. Gomes says lux­ury ve­hi­cles now make up more than 10 per cent of new ve­hi­cle sales in Canada. In Bri­tish Columbia, which he dubs “Canada's lux­ury leader,” sales of high-end ve­hi­cles com­prise 15 per cent of the over­all mar­ket.

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