Car sales remained solid in Canada in March as Canadians enter the traditionally strong spring retail season.
According to domestic automakers, March was another month of record sales performance. This is the second year-over-year increase.
Sales rose 2 per cent to 160,274 from 157,228 in the first month of the crucial spring selling season, according to numbers released by the auto makers. The U.S. market reported a slight decline in March.
However, it is interesting to note that Canadian sales rose overall despite declines by four of the top six companies in the sales rankings. Only FCA Canada Inc. (formerly Chrysler Canada Inc.) and Hyundai Auto Canada Corp. reported sales last month that were above year-earlier levels. Ford Motor Co. of Canada Ltd., General Motors of Canada Ltd., Honda Canada Inc. and Toyota Canada Inc. all reported sales declines.
Volkswagen Canada Inc. was the fastest-growing brand in the country in March, posting a 73-per-cent gain that was a record March and the second-best month in its history. Sales increased 46 per cent for Porsche Cars Canada Ltd. FCA Canada said its sales rose 2 per cent in March and puts the company in the lead ahead of Ford in the year-to-date sales rankings.