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New vehicle sales in Canada slump in July, marking second monthly drop this year


Richmond Hill, ON – The latest DesRosiers Automotive report shows new vehicle sales in Canada saw a 2.6 per cent decline in July compared to the same month last year.

The Richmond Hill, Ont.-based market research group says 173,304 vehicles were purchased last month, the second month where sales were down – the last being May, when there was a 1.6 per cent drop.

Sales of new light vehicles, however, were still up 4.6 per cent year-to-date.

In terms of growth by brand, DesRosiers reported that Jaguar was the fastest growing brand in July after observing a 218.3 per cent surge – 331 vehicles sold compared to 104 last year.

DesRosiers says Jaguar’s new vehicles in the intermediate luxury and luxury SUV market have been the primary contributors to that growth.

A number of other brands registered double-digit increases in July, including Volvo (up 33.5 per cent), Land Rover (up 16.5 per cent) and Audi (up 14.7 per cent).

 

News from Canadian Press Enterprises Inc. © 2018