Un­prece­dented sales surge

The Glengarry News - Glengarry Supplement - - News -

Auto sales across the coun­try have been zoom­ing to un­prece­dented lev­els in re­cent years.

In fact, February sales of 119,201 new ve­hi­cles set a new record for the month, sur­pass­ing the mark last set in 2008. February sales were up 9.1 per cent from year-ago lev­els, al­most match­ing Jan­uary’s 9.6 per cent im­prove­ment and fu­el­ing spec­u­la­tion about an­other record year.

As has be­come the norm, sales of trucks, in­clud­ing CUVs and SUVs, ac­counted for all the February sales gains and more. Their sales were up 17.9 per cent.

Sales of new cars and light­duty trucks in Canada hit a record high in 2015 with 1,898,485 units sold. This is an im­prove­ment of more than 47,000 ve­hi­cles (2.5%) over 2014, which was an­other record year, ac­cord­ing to DesRosiers Au­to­mo­tive Con­sul­tants.

There are many fac­tors cited for this up­turn: low fi­nanc­ing rates, im­pres­sive new mod­els with sig­nif­i­cant value-added tech­nol­ogy, and pent-up con­sumer de­mand, ac­cord­ing to Global Au­tomak­ers of Canada pres­i­dent David Adams, as re­ported by Cana­dian Auto Dealer.

In On­tario, sales shot up 5.9% last year, reach­ing 760,521 new ve­hi­cles sold.

The num­bers so far in 2016 sug­gest that new records will be set at the end of this year.

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