Canadian auto industry has best ever October sales
Sales increased 5.1% over 2014; sector poised for record year.
TORONTO — New car sales surged again in October as the industry continues to race towards its best year ever, according to figures compiled by DesRosiers Automotive Consultants.
DesRosiers says Canadians bought 163,053 light vehicles in October, a 5.1% increase over last year’s previous all-time high for the month set in 2014.
Last month was a particularly satisfying one for luxury nameplates, with Land Rover up 71.9%, Porsche rising 45.4% and Lexus up 29.4%.
DesRosiers says other brands that enjoyed double-digit sales growth in October included Nissan (up 24.4%), Infiniti (up 22.8%), Honda (up 14.7%), Volvo (up 12.3%) and Subaru (up 11.7%).
Even Volkswagen’s recent woes over its diesel offerings didn’t appear to impact overall sales, as the German automaker posted an 8.3% gain to 5,715 vehicles sold.
General Motors took the sales title for October for the first time since April, with a 5.8% increase in sales to 23,268 cars and light trucks. That was just ahead of Fiat Chrysler Automobiles, whose sales edged up 0.4% to 22,384.
Among other major brands, Ford Canada sales increased 0.2% to 22,080 vehicles, while Toyota Canada sales were up 4.2% at 16,891 vehicles and Hyundai sales rose 4.4% to 11,607.
By category, passenger car sales fell 9.6% to 58,711 last month, but the decline was more than offset by a 15.7% increase in light truck sales to 104,342 vehicles.
“As we continue to close in on year end, setting a record year in 2015 is looking less like a possibility and more like a reality,” DesRosiers said.