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In advance of the summer travel
season some of the important car companies gained a lot, while some of them
even dropped. The figures that the automakers released for their June sales
reported that on the Canadian market the car sales rose to a record rate. It
also appeared that it gained about 8% over this year.
With General Motors the only
important company that experienced a sales decline, all the other automakers
registered financial success on the Canadian market. That is why June 2007
appeared to be the best June on record, with the market tracking about 1.7 million
units or even more.
The imported models were the
leaders of the sales. Ford rose to 0.6% increase over the same period of the
last year, while DaimlerChrysler to an important 24.1% increase. The advantage
of the Canadian market is represented by the job growth continual strength,
although the manufacturing jobs in Ontario
has registered a loss. Another thing that positively influenced this economical
phenomenon is the strength of the Canadian dollar. However, although they have
been gaining a lot in the recent period, DaimlerChrysler and Ford are to
re-introduce big discounts and other such incentive elements.
Other important car makers that
registered increased sales comparing to the last year’s sales were Honda,
Toyota, Suzuki, Mazda, Hyundai and even Volkswagen and Nissan. With Toyota and Lexus, Toyota Canada’s
sales were up 12%, while Honda Canada sold about 12,737 cars, up 17.9% from
June 2006.
Hyundai’s sales recorded an 11.5%
increase, while smaller companies also gained a lot: Nissan rose to 34.8%,
Mazda to 2%, Suzuki to 25.5%, Kia to 13.2% and Volkswagen to 29.2%.
The luxury vehicles were the only
one to see a decrease in sales. Porsche and Jaguar slipped to 1.6% and 42%
respectively, but BMW soared 43.2%.
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