Canadian Market Grows Thanks to Solid Truck Sales

Due to increased truck sales, Canada reported a 1% rise in the number of motor vehicles sold in May to 121,348 units. However after a successful May, according to statistics gathered from preliminary data, Canada saw a 1% decrease in June.

After sales fell suddenly near the end of 2008, the last 4 months saw a positive steady growth in returning the country's economy on it's feet. According to sales of truck (including minivans, sport-utility vehicles, light and heavy trucks, vans and buses) were up 2.2 percent to 61,392 units in May. Thus, truck sales managed to surpass car sales in May for only the fourth time in the last 10 years.

The figures for new passengers cars sold in May were down 0.3 percent to 59,956 vehicles. North-American-built passenger cars registered a sale increase of 1.4 percent from April. We remind you that this April witnessed the lowest figure since October 1982. Sales for overseas-built passenger cars decreased by 2.4 percent in May.

Seven provinces where responsible for the growth recorded in May. Among them, the main contributor was Ontario, which saw a 2% gain in vehicle sales. Nova Scotia marked a 8.5 percent increase, meaning this was the forth month with consecutive growth.

In the British Columbia province sales rose by 1.6 percent, claiming the third consecutive increase in the number of new motor vehicles registered. Sales in British Columbia had been on a negative trend since the beginning of 2008.

The single province which registered declining sales for two consecutive months was Quebec with a drop of 1.4 percent.
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