Canadian Car And Truck Sales Top 2-Million For First Time
Sales of light trucks and passenger cars are topping 2-million units for the first time in Canada.
The 2017 figures represent a 4.6% increase in sales compared to 2016.
The light truck category also includes compact sport utility vehicles.
According to Dennis DesRosiers with DesRosiers Automotive Consultants, what really stands out is that light truck sales make up nearly 70% of what customers are buying.
DesRosiers tells AM800 News sport utility vehicles and trucks are now the most popular vehicles on the road. "It is a permanent shift. Consumers have caught on to the utility and all of the benefits of the light truck," says DesRosiers. "The big change came about 15 years ago when they started to put truck bodies on car platforms."
"Many analysts for a long time were calling for light truck sales to dip, but the the segment is here to stay," says DesRosiers. "You know we've been looking at this for ten years now where we're saying, 'Can this continue? This can't continue', and it keeps continuing so, I'm hesitant to be negative when I've been proven wrong ten years in a row."
DesRosiers says it's stunning to see light trucks make up nearly 1.4-million of the over 2.038-million units sold in Canada in 2017 while car sales lag behind. "What's really stunned me is that it's the lowest passenger car sales — 638,000 units — since 1964. That's 53 years ago we haven't bought that few passenger cars."
Sales of light trucks are up 8.7% year-over-year while passenger car sales are down 3.4%.
As AM800 News reported on Wednesday, the Windsor-built Chrysler Pacifica also had a banner year as year-over-year sales jumped 142% from 2016 to 2017.
With files from Peter Langille