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Auto sales to drop 10%

Canada has so far avoided the sales decline in the car market but will not outrun the global slump next year, with sales likely to skid about 10 per cent, a Scotiabank economic analysis says.

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Canadian auto sales hold steady

Canada's auto market appears to be holding its own in a slumping global auto market, according to a new report by Scotia Economics.

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Merger rumours fly as auto sales slump

Record low auto sales and the financial crisis are spurring fresh merger talk about the Big Three U.S. automakers in a new global consolidation round while the sales rot is also impacting suppliers an

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Auto sector may `collapse'

Gerald Fedchun, president of the Automotive Parts Manufacturers' Association, said yesterday the gloomy forecast by J.D. Power and Associates would mean a lot more struggling companies here won't surv

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Auto sales, leases fall 7.2 per cent in August

A retreat in leasing by two major auto makers, a shortage of some key models and weakening consumer confidence triggered the biggest monthly decline in Canadian vehicle sales in more than two years du

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Sales of new autos sink

A collapse in truck sales at industry leader General Motors pulled down the auto market in Canada last month as well as expectations for the remainder of the year.

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Hope fades for U.S. auto sales rebound

A deepening slump in U.S. auto sales this year has already forced investors and automakers to abandon hopes for a second-half recovery. Now some analysts are painting an even more dire picture for 200

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Canadian auto sales: GM loses, Toyota wins

Canadian auto sales were lower in June with another sharp skid at General Motors of Canada as rising gas prices weighed on demand for SUVs and light trucks, according to company figures released today

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15-year low forecast for auto sales

Three top investors in the automotive industry painted a grim picture Sunday for the sector in 2008, with one executive predicting a possible slump in U.S. sales to levels not seen in 15 years.