Auto sales climb in February from a year earlier: DesRosiers
Light vehicles were up 2.1%, light truck about 6%, while passenger car sales fell 11%.
TORONTO — DesRosiers Automotive Consultants Inc. says auto sales rose in February from a year earlier to mark a second month of gains this year.
The consultancy says it estimates there were 123,375 light vehicles sold in the month, a 2.1% increase from a year earlier.
Light truck sales rose about 6% to 96,500 in the month, while passenger car sales fell 11% to 26,875 to continue a trend towards larger vehicles.
The consultancy says that while the increased sales in January and February are positive, they’re compared to “noticeably muted” sales a year earlier and shouldn’t be taken as an indication of the trend for the year ahead.
DesRosiers says that the coronavirus and the potential economic pullback raise concerns, and create significant uncertainty for the automotive market.
Still, the rise in the past two months marks a change from the downward trend seen for much of the past two years.