Chrysler tops auto sales in October as industry hits record pace

Automakers sold 154,949 cars and trucks last month, a 6.5% increase from October 2013.

November 4, 2014   by The Canadian Press

TORONTO — Chrysler was the top selling automaker in Canada last month, narrowly beating the other Detroit Three companies as the industry continued on pace that would eclipse last year’s record sales.

Automakers sold 154,949 cars and trucks in October, a 6.5% increase from 145,460 a year ago, according to data compiled by industry analyst DesRosiers Automotive Consultants.

DesRosiers called the results “stunning.”

“Yet another huge month for light vehicle sales in Canada and for the second month in a row a (seasonally adjusted annual rate) tracking above two million units,” DesRosiers wrote in a note to clients.

Light truck sales were up 10.7% to 90,009 compared with 81,292 a year ago, while passenger car sales grew 1.2% to 64,940 compared with 64,168 in October 2013.

Light trucks accounted for 58% of sales, which should continue to rise with declining fuel prices, DesRosiers wrote in a report.

For the year to date, sales totalled nearly 1.58 million, up 5.6% from nearly 1.50 million in the first 10 months of 2013.

Sales from the Detroit Three automakers increased 8.3% to about 66,200, while imports were up 5.3% to 88,740.

Chrysler, Ford and General Motors were almost even in October sales, but a 23% surge caused Chrysler to inch ahead of its rivals.

Ford was No. 2 for the month as its sales decreased 2.6% to 22,055 vehicles, while General Motors was third in October as its sales grew 7.3% to 22,002.

In October, Chrysler Canada’s sales jumped on stronger demand for its Jeep SUVs and Ram pickup trucks. The automaker said it sold 22,303 vehicles last month, up from 18,131 a year earlier. Car sales totalled 3,414, up from 2,546 a year ago, while truck sales increased to 18,889 from 15,585.

Chrysler said it is having the best sales in its 89-year history.

GM’s sales increased 7% from 20,503 a year ago as its Chevrolet, Buick and GMC brands saw growth. Car sales increased more than 9% to 6,742 from 6,169, while truck sales were up 6.5% to 15,260 vehicles from 14,334.

Ford sales for October were down from 22,647 a year ago as it reported its truck sales slipped 1.1% to 18,026 from 18,219. Ford car sales fell 9% to 4,029 from 4,428 in October 2013.

Toyota Canada said its sales grew 2.2% as it sold 17,977 vehicles under its Toyota, Lexus and Scion brands to mark its second-best October.

Nissan said it posted record sales in October, rising 9.6% to 9,286 vehicles as a 22.5% increase in trucks offset a 1.7% decrease in cars.

Nissan branded trucks cars and trucks grew a combined 7.6% to 8,282 while luxury Infiniti sales surged nearly 30% to 1,004.

Not all car companies had stronger results. BMW, Honda, Jaguar, Land Rover and Volkswagen were all down in October compared with a year ago.

Among the smaller selling brands, Mini sales increased 55% and Acura was up 42%.

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