(RICHMOND HILL, ON) – With a scant 736 unit surplus over the previous year’s all-time July sales record, vehicle sales last month once again made the record books. The records continue to fall month after month in 2015, although the pace of the gains does appear to be moderating.
Light vehicle sales in Canada reached a total of 177,844 units in the month of July, breaking the 1.1 million year-to-date total a month earlier in 2014.
Results across the market were mixed in July.
In the luxury space, a number of brands enjoyed significant growth in July led by Volvo up 54 per cent, Acura up 38.6 per cent, and Lexus up 30.4 per cent. Others, such as Jaguar down 11.1 per cent and BMW down 3.9 per cent, saw declines.
A similar pattern was evident in the mass market.
Companies such as Nissan up 9.6 per cent, Honda up 7.7 per cent), FCA up 2.2 per cent, and Hyundai up 2.1 per cent posted positive comparables, while VW was down 14.1 per cent, Ford down 6.0 per cent, General Motors down 4.8 per cent, and Toyota (down 0.8 per cent, all reported sales declines.
On a year-to-date basis, FCA, with its 68th consecutive month of sales gains, continues to lead the pack bolstered by record performances at Jeep and Ram. Notably FCA’s lead over second place Ford stands at a sizeable 15,471 units, compared to only 2,618 units at this point in 2014.