Canada October New Motor Vehicle Sales Report (Text)

The following is the text of Canada's new motor vehicles sales report for October released by Statistics Canada.

The number of new motor vehicles sold in October increased 3.3% to 139,549 units. October's growth reflected higher sales of both passenger cars and trucks.

New motor vehicle sales up in October

Preliminary industry data indicate that the number of new motor vehicles sold in November decreased 1%.

Sales increase for passenger cars and trucks

Passenger car sales in October were up 3.4% to 57,491 units. Sales of North-American built passenger cars accounted for most of the gain, rising 5.1% to more than offset September's decline. Overseas built passenger car sales increased 0.6%, the second advance in as many months.

North American built passenger car sales increase

Sales of trucks (which include minivans, sport-utility vehicles, light and heavy trucks, vans and buses) grew 3.2% to 82,058 units in October. Truck sales have been trending upward since the beginning of 2011.

Alberta led sales gain

The number of new motor vehicles sold was up in all provinces in October.

The largest increase in units sold was in Alberta, where sales advanced 6.6%, a third consecutive monthly increase. New motor vehicle sales in Alberta reached their highest level since early 2008.

Nova Scotia (+11.9%), Saskatchewan (+11.8%) and Prince Edward Island (+10.8%) registered double-digit growth in sales.

The lowest growth rates were in Quebec (+1.9%) and Ontario (+1.2%).

To contact the reporter on this story: Ilan Kolet in Ottawa at ikolet@bloomberg.net

To contact the editor responsible for this story: Marco Babic at mbabic@bloomberg.net

Bloomberg reserves the right to edit or remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.