Canadian car and light truck sales rose 2.2 per cent in January over last year to an all-time record for the month, DesRosiers Automotive Consultants said on Wednesday, as the big Detroit Three automakers posted gains that contrasted with U.S. declines.
Total sales in Canada climbed to 110,945 light vehicles in January, up from 108,572 in the same month last year, DesRosiers said, beating the previous record-setting January sales of 110,266 vehicles in 2002.
Fiat Chrysler Automobiles NV’s Canadian arm topped the industry in January, with 16.6 per cent of the market, and Ford Motor Co’s Canadian unit ran second, with a 15.5 per cent market share, according to DesRosiers, which compiles industry market research and is considered one of Canada’s leading auto analysts.
“It is too early to comment with certainty on how the market will perform this year, as January is rarely a reliable indicator, but this is at least a positive start,” said Dennis DesRosiers, president of the consultancy.
FCA Canada said sales increased 2.0 per cent in January, over the same month last year, to 18,443 vehicles. Higher-profit retail sales to individual consumers, which U.S. automakers are pushing, were 75 per cent of sales, it said. Bulk fleet sales were 25 per cent of its overall sales.
Ford Motor Co of Canada said sales increased 3.5 per cent to 17,232 vehicles. Truck sales rose 6.1 per cent to 15,371 vehicles, offsetting a 13.9 drop in car sales to 1,861 vehicles.
General Motors Co said its Chevrolet, GMC and Cadillac dealers in Canada sold 14,605 vehicles in January, up 1.5 per cent from the same period last year. Sales of Chevrolet vehicles gained 4 per cent, Buick models 40 per cent and GM utility vehicles 14 per cent, while Cadillac sales dropped 19 per cent, it said.
Honda Canada Inc reported a 2.0 per cent increase in January sales, to 10,173 vehicles, as Honda sales climbed 2.0 per cent to 9,131 vehicles to offset a 2 per cent drop in Acura sales, to 1,042 vehicles.
Monthly U.S. vehicle sales declined from strong year-ago levels as automakers scaled back bulk sales to focus on retail sales, but the numbers were still better than analysts expected.
January sales fell 1.8 per cent to 1.14 million vehicles, or a seasonally adjusted annualized rate of 17.61 million vehicles, down from 17.9 million vehicles a year earlier, according to Autodata. The annualized rate was roughly in line with a forecast of 17.55 million in a poll by Thomson Reuters.
Industry executives are optimistic 2017 U.S. sales could reach another record, lifted by policies expected from President Trump.