Canadian vehicle sales fall 0.6% in October

Canadian vehicle sales in October decreased by 0.6% from the same month in 2018, to 160,216 units.
SUV and pickup sales, at 121,512 units, were up 5.0% in October, while passenger car sales, at 38,704 units, were down 14.8% compared to 2018.
Combined sales in October for the Detroit Big 3 were down 1.4% to 58,651 units, while sales of all foreign nameplates combined were down 0.1% to 101,565 units.
Of the Big Three manufacturers, General Motors’ estimated sales fell 7.5% y/y (a 13.5% market share), Ford sales fell 1.1% (13.2%), and FCA sales increased 8.1% (9.9%) from last October.
Among Japanese automakers, Toyota, Nissan, sales were down 2.7% (11.4%), 12.8% (6.2%) while Honda, Mazda and Subaru sales were up 7.8% (9.6%), 0.7% (3.8%) and 2.6% (3.5%), respectively.
Hyundai and Kia sales were up 2.6% (7.3%) and 11.1% (3.9%), respectively.
Among German companies, Mercedes-Benz sales were up 6.4% (2.7%) and Audi sales were up 11.2% (2.1%) whereas VW brand sales were down 1.7% (4.4%) and BMW brand sales were down 4.5% (1.9%), compared to last October.
(DesRosiers report from November 1, 2019)