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Canada January New Motor Vehicle Sales Report (Text)

March 14 (Bloomberg) -- The following is the text of Canada’s new motor vehicles sales report for January released by Statistics Canada.

The number of new motor vehicles sold in January rose 15.4% to 153,623 units. A significant factor in January’s growth was the resumption of supply for certain models of passenger cars.

New motor vehicle sales up in January

Preliminary industry data indicate that the number of new motor vehicles sold in February fell 7%.

Sales grow for both passenger cars and trucks

Passenger car sales rose 23.9% to 71,539 units, mainly reflecting higher sales of lower-cost vehicles. North-American built passenger cars led the growth, rising 28.5%. Sales of overseas-built passenger cars (+16.8%) rose for a fifth consecutive month.

Sales of trucks (which include minivans, sport-utility vehicles, light and heavy trucks, vans and buses) increased 8.8% in January, offsetting declines in November and December.

Passenger car sales up in January

Sales increase most in Ontario and Quebec

New motor vehicle sales were up in every province in January.

Ontario (+23.7%) reported the largest increase in the number of new motor vehicles sold-the fifth increase in six months.

Sales of new motor vehicles in Quebec (+9.8%) grew for the fifth consecutive month.

Among the Western provinces, Alberta (+16.3%) registered the largest increase in unit sales. January’s gain more than offset declines in November and December.

The largest increase in units sold among the Atlantic provinces was in Nova Scotia (+11.0%).

SOURCE: Statistics Canada {STCA <GO>}

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

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