Canadian auto sales are expected to come in just shy of a new record in 2012 after another strong month of sales across the country in November.
Ford Motor Co. of Canada, Ltd. remained the top seller in Canada for the month – and for the year to date – with sales up 7.4% year-over-year. The company said that was driven by a 14% jump in car sales during the month and a 6% rise in truck sales.
The Canadian auto industry has seen incredible growth in 2012
I mentioned earlier this year that there was no way that US automakers could deliver 11 Million units this year with the workforce on hand. Yet, the were uncertain – as we all were – whether the strong pace of sales at the beginning of the year would continue. [...]
U.S. auto sales are expected to continue at a strong pace in March, capping the best quarter in four years for new vehicle purchases as the overall U.S. economy improved and new car buyers found easier ...
An improving economy and rising consumer confidence continue to fuel recovery in the auto industry. In 2010, U.S. auto sales increased 11.1% from 2009. Also, in February 2010, auto sales climbed 27% with more than 40% growth coming from Toyota Motor Corp.
Trader Mark submits:Housing and auto sales, the two cyclical industries that most directly affect the U.S. economy and are the largest consumption decisions in day to day life, have rebounded off the worst levels of 2008 and early 2009 when most Americans were in a cocooned-like state. Yet despite record mortgage rates and affordability in housing, and the return of cheap financing and rebates in the auto market we are not seeing much in terms of momentum. Yet another sign of the 'square root recovery'.