Canadian auto gross sales jumped 5 p.c in July 2017, an enormous bounce for an trade that has now posted development in six of 2017’s first seven months.
12 months-to-date, gross sales are properly forward of 2016’s tempo: 58,000 items higher than within the first seven months of 2017. In actual fact, on a quest for the Canada’s first ever 12 months of greater than 2,000,000 gross sales, the trade would now want a real downturn in 2017’s ultimate 5 months to keep away from a vastly profitable 12 months.
Extra proof that the Canadian auto trade’s on a scorching streak? Even passenger automobile gross sales are… properly, they’re solely down barely.
After reporting 5-percent development in 2017’s first seven months, year-over-year, Canadian auto gross sales would now want to say no by roughly Eight,000 items between August and December for auto gross sales to fall wanting the 2-million marker. Canadians bought and leased almost 1.95 million new automobiles in a file 2016, Three-percent up on the prior file from 2015.
But whereas passenger automobile gross sales took a 7-percent hit within the 2016 calendar 12 months, the speed of decline is now slowing as automobile quantity plateaus. The sector now earns barely lower than one-third of the market, having misplaced 2 p.c of its quantity within the first seven months of 2017 regardless of surging bestsellers. The Honda Civic, which can make 2017 its 20th consecutive 12 months as Canada’s top-selling automobile, is on monitor for its greatest 12 months ever. The second-ranked Toyota Corolla sedan is up Eight p.c in contrast with 2016.
Whereas the lack of plunging automobile gross sales has induced much less hurt to the Canadian auto trade’s general totals than anticipated, the actual increase to whole quantity is clearly from vehicles and SUVs/crossovers.
Pickup truck gross sales jumped 14 p.c within the January-July interval and now account for 21 p.c of the general market. Ford is on monitor for considerably greater than 150,000 F-Collection gross sales, having solely crested the 100,000-sale barrier for the primary time in 2012. FCA’s Ram truck line and GM’s full-size twins are all set for best-ever years, as properly.Then there’s a 7-percent year-to-date enhance in gross sales of SUVs/crossovers, which have grown their share of the market to 40 p.c in 2017. Led by the Canadian-made Toyota RAV4 and its modest 2-percent enchancment, and the Canadian-made Honda CR-V and its substantial 12-percent enhance, 19 of the 25 top-selling utility automobiles in Canada are promoting extra typically this 12 months than final.
Not each auto model is arising roses in 2017. Fiat Chrysler Vehicles has fallen marginally due to drops at Chrysler, Dodge, and Jeep. Hyundai quantity is down 9 p.c this 12 months. Volkswagen has reported main enhancements in the summertime however stays down Three p.c in contrast with final 12 months’s four-year low.
Ford Motor Firm, which generates slightly below half of its Canadian gross sales with F-Collection vehicles, is Canada’s top-selling producer by a margin of 11,590 gross sales over Common Motors. Ford can be the top-selling model. No quantity model is rising sooner than GMC, up 19 p.c this 12 months. On the opposite finish of the ledger, Jeep’s 16-percent decline is the harshest drop.
|Auto Model||July 2017||July 2016||% Change||2017 YTD||2016 YTD||% Change|
|Business Whole †||181,834||173,304||four.9%||1,220,902||1,162,686||5.Zero%|
Supply: World Automakers Of Canada
[Image: Honda, Toyota]
Timothy Cain is a contributing analyst at The Fact About Automobiles and Autofocus.ca and the founder and former editor of GoodCarBadCar.internet. Comply with on Twitter @timcaincars.