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CANADA Headline News Updated every 15 minutes
New motor vehicle sales For a second consecutive month, trucks were responsible for at least 80% of the national decline. Trucks include minivans, sport-utility vehicles, light and heavy trucks, vans and buses. Based on preliminary figures from the auto industry, the number of new motor vehicles sold in October rebounded by approximately 3%, with the gain mainly attributable to trucks. The upward movement of new motor vehicle sales since the start of 2005, while exhibiting strong monthly fluctuations, has faltered in recent months. New motor vehicle sales remained relatively stable in 2004, after a series of increases early in the year. Erosion of truck sales continuesIn September and August, sales of both passenger cars and trucks fell, following two months of consecutive increases. However, the declines were steeper for trucks than for passenger cars, with truck sales posting the largest decreases since October 2000. The number of new trucks sold in September fell 13.5% after posting an equivalent decline a month earlier. A total of 56,998 new trucks were purchased in September, down approximately 8,870 units from August. In September, the number of new passenger cars sold slipped 2.8% compared to August, standing at 70,439 units. Both North American-built and overseas-built cars contributed to this decline. Quarterly sales favour cars Sales of new motor vehicles advanced a hefty 6.7% in the third quarter compared to the same quarter in 2004, with both passenger car (+7.3%) sales and truck (+6.1%) sales registering sizable increases. Figures for the second and third quarters of 2005 also show that passenger cars strengthened their market share, which reached 52.4% in the third quarter compared to 51.5% in the second. Sales down almost everywhere in Canada New motor vehicle sales fell for the second month in a row in Ontario, dropping 9.2% in September and accounting for 44% of the national decrease. In the other provinces, the decline posted in September was also the second in a row, except for the region formed by British Columbia and the territories, where sales had advanced in August.
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