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Overall, the June sales estimates for the Canadian market were down a little more than 15 percent compared with the same month last year.
Canadian car owners feel confident about their employment status and the state of the economy.
The number of new motor vehicles sold rose 5.5 per cent to 119,231 in January.
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.
The U.S. auto market crashed last month but the Canadian industry cruised to another stunning sales gain despite the economic storm engulfing both countries.
Canada's auto market appears to be holding its own in a slumping global auto market, according to a new report by Scotia Economics.
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
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
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
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.
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
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
General Motors of Canada has reported a 23.8 per cent skid in June sales as truck sales plummeted more than 35 per cent compared with a year ago.
Statistics Canada says sales of new motor vehicles fell for a third straight month in April, mainly due to lower sales in the western provinces.
There's an old proverb among sales professionals that goes like this: You have to sell everything twice.
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.
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