Bloomberg News

Canada February New Motor Vehicle Sales Report (Text)

April 17, 2012

The following is the text of Canada’s new motor vehicles sales report for February released by Statistics Canada.

The number of new motor vehicles sold in February declined 6.7% to 141,589 units, partially offsetting January’s gain. Lower sales in Ontario and Quebec accounted for over three-quarters of the national decrease.

Preliminary industry data indicate that the number of new motor vehicles sold in March declined 2%.

Sales decrease for both passenger cars and trucks Passenger car sales in February decreased 8.3%, partially offsetting gains in January. Sales of North American-built passenger cars accounted for most of the decline, falling 10.9%. Following five consecutive monthly increases, sales of overseas-built passenger cars declined 3.9%.

Sales of trucks (which include minivans, sport-utility vehicles, light and heavy trucks, vans and buses) decreased 5.3% in February, the third decline in four months. February’s decline did not offset January’s increase.

To contact the reporter on this story: Ilan Kolet in Ottawa at ikolet@bloomberg.net

To contact the editor responsible for this story: Marco Babic at mbabic@bloomberg.net


We Almost Lost the Nasdaq
LIMITED-TIME OFFER SUBSCRIBE NOW

(enter your email)
(enter up to 5 email addresses, separated by commas)

Max 250 characters

 
blog comments powered by Disqus