Canada. Sales of New Motor Vehicles Down 14.8%

Sales of new motor vehicles fell 14.8% in December 2008 to 109,831 units. This was the largest monthly decline and lowest sales level since January 1998, when an ice storm crippled parts of the country.

After sharp declines in November and December, preliminary industry data indicate that the number of new motor vehicles sold rose by about 6% in January.

Passenger car and truck sales both drop in December

Sales of new trucks (which include minivans, sport-utility vehicles, light and heavy trucks, vans and buses) fell 20.4% to 50,997 units. This was the largest decrease for this vehicle type since January 1998.

Sales of passenger cars declined 9.2% to 58,834 units in December 2008. This decline reflects lower sales of North American built passenger cars, which fell 14.8%. This was the largest decline by passenger cars of this origin since January 2007. Sales of overseas-built passenger cars were flat.

Sales down in all provinces

New motor vehicle sales were down in all provinces in December 2008. The largest drops were in Saskatchewan, British Columbia and Ontario, with sales declines of over 15% each.

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