Canadian new-vehicle sales were essentially flat in November, down just an estimated 0.3 percent compared with the same month last year, according to the Automotive News Data Center. While trucks made significant gains, car sales continued to slide.
Automakers sold an estimated 144,476 new vehicles last month. But, monthly sales have now fallen in 20 of the last 21 months, according to the data center. Despite an initial report of a 0.1 percent decline in August, sales that month were actually up by 0.5 percent once the Detroit 3 reported quarterly numbers, which led the data center to adjust its original August total. It was the only month this year that was up over last.
“Sales results have been going in the right direction for the last two months,” David Adams, president of the Global Automakers of Canada, said in a statement Tuesday.
Sales were down just 0.9 percent in October softening the sting of nearly two years worth of losing months.
“We are on track to have annual sales that would be amongst the top four sales years ever in Canada, so it is hard to call this a slump,” Adams said.
Annual sales are forecast to fall for the second consecutive year and drop below the two-million plateau for the first time since 2016.
Barring a challenging December and based on the five-year historical average for December, 2019 sales should wind up around 1.91 million units.
According to the Global Automakers of Canada, passenger car sales fell 18.5 percent in November while light duty truck sales rose 6.6 percent. Trucks accounted for almost 78 percent of all new vehicles sold in November, compared to 73 percent last November.
Monthly sales total for the Canadian market are now essentially estimates given the decision of the Detroit 3 to report sales only on a quarterly basis.
FCA sales were up an estimated 9.7 percent to 13,611 units; Ford sales were down an estimated 2 percent to 20,866 vehicles; and GM sales were off an estimated 5 percent.