Newspaper article The Canadian Press

Auto Sales Down 7.4 per Cent in September for Largest Drop since 2009

Newspaper article The Canadian Press

Auto Sales Down 7.4 per Cent in September for Largest Drop since 2009

Article excerpt

Auto sales drop 7.4 per cent in September

--

TORONTO - DesRosiers Automotive Consultants says new light vehicle sales were down by 7.4 per cent in September compared with the same month last year for the largest monthly drop since 2009.

Sales were down by close to 14,000 units to total about 173,000 passenger cars and light trucks sold in September, making it the lowest sales figure for the month since 2014.

DesRosiers said Tuesday that uncertainty from North American trade deal negotiations may have contributed to the drop in sales but that numbers could rebound with a deal in place.

"With the signing of the deal and the threat of tariffs to the Canadian auto industry withdrawn for now, the consumer confidence issue may be alleviated for the final three months of the year," the consultancy said in a note. …

Search by... Author
Show... All Results Primary Sources Peer-reviewed

Oops!

An unknown error has occurred. Please click the button below to reload the page. If the problem persists, please try again in a little while.