Monday, November 3, 2008

SMALL CARS DRIVING BIG SALES IN CANADA - NUMBERS

Auto sales in the United States are down about 13% so far this year. That number will worsen after October's sales statistics are released soon. Vehicle sales in western Europe are off around 5%. A quick look at Canada reveals a different story. So interconnected is its economy with the USA but so disconnected are its automotive performers. Overall sales in Canada this year are up over 1.4%.

Why is this the case? Despite a global economic collapse, cars and trucks are basically 10% cheaper in Canada this year, as the dollar climb of late '07 created the biggest year-over-year drop in vehicle prices since 1956. All the Numbers you need to know are below.

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25 - percentage increase in the total sales volume of subcompact cars in Canada this year through September

9 - percentage of the market now held by subcompacts

5 - percentage of the market normally held by subcompacts in historical terms

1 - total vehicle segments apart from subcompacts to post sales increases in Canada this year: crossovers

4 - likely decrease in automaker profits in Canada despite the sales increase

6 - percentage reduction in total sales volume expected by ScotiaBank in 2009

1 comment:

  1. No doubt now these days public are demanding small but efficient cars and they are gaining markets.

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    ReplyDelete