GM Canada expects no auto sales growth in 2012 as consumers cautious
The head of General Motors Canada says he expects auto sales in Canada to be flat or slightly down in 2012.
Kevin Williams says Canadian consumers are being very cautious with spending on big purchases as confidence in the world economy remains shaky. Speaking from the Detroit auto show, Williams says sales are growing more slowly in Canada than in the United States and other markets around the world.
However, he believes GM Canada will be able to seize the opportunity to improve this year and recover from flagging sales and a market share loss in 2011.
Williams says the 2011 losses came as the automaker continued to phase out its Pontiac brand as part of its restructuring.
The auto industry saw two per cent growth in 2011, its best year since the recession. GM and Chrysler required government bailouts in 2009 to stay afloat.