GM Inside News Forum banner
1 - 7 of 7 Posts

·
Registered
Joined
·
6,218 Posts
Discussion Starter · #1 ·
http://www.thestar.com/Business/article/529862

Canadian auto sales for the month of October were up 1.5% from last October and yearly sales to date for this year are up 1.4% over last year.

The Canadian auto maker has yet to be significantly hurt by the economic conditions in the US.

Much of the increase is being attributed to lower sales prices this year over last year as a result of the increased strength of the Canadian dollar. Manufacturers are finally starting to lower Canadian prices, the article claims that prices this year are 7% to 9% lower this year.

The article provides the following break down of sales volume by manufacturer:

GM: -6.4% from last October
Toyota and Lexus: +9.4% from last October. Toyota has sold more vehicles so far this year than they did in 2007.
Ford: -10.3% from last October
Chrysler: +2% from last October
Honda and Acura: +0.7% from last October
Hyundai: +1.4% from last October
Nissan and Infiniti: +7.9% from last October
Mazda: +1.1% from last October
 

·
Registered
Joined
·
998 Posts
No suprise for GM, GMAC not offering good auto leases anymore it was bound to drop.

Can't say the same about Ford, and Chrysler is doing well primarily because of the Journey/Caravan tandem.

Chrysler, oddly enough has a good following in Canada.
 

·
Registered
Joined
·
1,988 Posts
I am surprised GM in Canada didn't fall more than that. Without leasing, a 6% drop is actually not that bad. Toyota is still kicking butt here, no big surpise there.
 

·
Registered
Joined
·
665 Posts
GM is still a strong brand here in Canada though every year theri market share continues to drop as the competition moves forward. While there has been a notable drop in truck/suv sales, historicaly Canadians have already been conditioned to buy smaller, more fuel efficient vehicles than our American neighbours. So there hasn't been a radical shift to small cars, we already buy them. On the other hand, interest in the latest, greatest small car product is huge and GM has been late to the game in bringng out new product. As vehicles like the G6, Cobalt and Impala continue to age buyers will be looking at alternatives.
 

·
Registered
Joined
·
4,663 Posts
No real credit and housing crunch here in Canada, loans are available and people are not loosing homes. That said, things are slowing fast in many parts of the country. One has to think things will not hold up for much longer.
 

·
Premium Member
Joined
·
1,419 Posts
dindak,
Loosing homes? Must take a big wrench to crank that sucker loose!
 
1 - 7 of 7 Posts
This is an older thread, you may not receive a response, and could be reviving an old thread. Please consider creating a new thread.
Top