Auto sales set record in 2015
Nearly 1.9 million new vehicles sold.
TORONTO — Despite the sluggish economy, Canadians snapped up nearly 1.9 million new vehicles in 2015, making it a record year for Canadian auto sales.
Sales of new vehicles rose 2.5% from the previous year to a total of 1.898 million, fuelled by demand for light trucks – a category that includes SUVs, minivans and pickup trucks.
Canadians bought nearly 1.2 million trucks in 2015, up 8.8% from 2014, while sales of cars slipped 6.3% to 715,719.
Experts cited a number of reasons for the strong sales, including the fact that prices of new vehicles have remained roughly the same for a number of years, while wages have risen.
That – along with lower gasoline prices and rock-bottom interest rates – have made cars and trucks more affordable for Canadians.
Fiat Chrysler Canada claimed the top spot for 2015 with sales of 293,061 vehicles, up 1.1% from the previous year. That was slightly ahead of Ford Canada, whose annual sales were down 4.6% at 278,437, while General Motors Canada saw its sales climb 5.4% to 263,335.
© 2016 The Canadian Press