October sales set new Canadian record

Best-ever new-vehicle sales for the month of October in Canada

Published: November 11, 2012, 5:00 PM

In spite of a relatively uncertain economy, Canadians just keep on buying cars.

Helped by end-of-model-year incentive, sales of 135,500 new vehicles in Canada during October were the highest on record for the month, up 7.8% from Ocober 2011.

Year-to-date sales of 1.44 million vehicles through October are 6.8% ahead of a year ago and still on track for 2012 to be the second best sales year ever.

If that pace maintains through the final two months, total sales could approach or even surpass 1.7 million – a level reached only once before, in 2002.

As has been the case through most of 2012, the sales increase was driven primarily by import brands, which were up collectively by 12.7 %, while Detroit Three sales as a group fell by1.6%, with General Motors again the greatest loser (-4.6%).

Ford was the number-one seller, for both the month and the year-to-date. GM outsold Chrysler on the month but Chrysler remains ahead, in second place for the year.

Toyota was all alone in fourth but Honda is waging a renewed fight for fifth, which it claimed for the month, although Hyundai still holds that position for the year, so far.

They were followed by Kia, Nissan and Mazda in that order, for both the month and year.

Among luxury brands, BMW outsold Mercedes-Benz for the month but the latter remains ahea in sales for the year.