- Joined
- Mar 24, 2009
- Messages
- 16,743
Canadian auto sales in 'full swing'
Despite the uncertainty in the broader economy, Canadian auto sales are expected to return to their pre-recession levels this year driven by dealer incentives, accessible auto loans, high fuel prices and aging vehicles that need replacement, according to a report from the Conference Board of Canada.
Canadian motor vehicle manufacturers are expected to swing to a collective profit of $1.5-billion this year, their highest level since 2002 and a complete reversal of the $1.5-billion they lost as recently as 2009, the board reports.
Read the full article here.
Despite the uncertainty in the broader economy, Canadian auto sales are expected to return to their pre-recession levels this year driven by dealer incentives, accessible auto loans, high fuel prices and aging vehicles that need replacement, according to a report from the Conference Board of Canada.
Canadian motor vehicle manufacturers are expected to swing to a collective profit of $1.5-billion this year, their highest level since 2002 and a complete reversal of the $1.5-billion they lost as recently as 2009, the board reports.
Read the full article here.