Auto sales fall 3.7% in February as downward trend continues
DesRosiers Automotive Consultants Inc. says light vehicle sales fell 3.7% in February from a year earlier as a downward Canadian auto sales trend continued.
The automotive consultant says light vehicle sales totalled 120,891 for the month, down from 125,530 last year, to make it the third-highest sales for the month on record.
The dip in February marked the 12th month of sales declines when compared to the previous year.
The consumer shift away from passenger cars towards various SUVs and pickup truck options continued in February, with car sales down 16% for the month while light truck sales rose 1.2%
Fiat Chrysler Automobiles took the top spot in sales with 18,461 vehicles sold after only a 2% dip from a year earlier.
Ford came second after a 1.4% dip, while General Motors was third with a 9.1% drop from last year.
Hyundai saw a 14.6% increase and Kia a 10.5% climb.
European luxury car brands Audi, Jaguar, Maserati, and Mercedes-Benz all saw drops of more than 20%.