(RICHMOND HILL, MI) – First quarter growth was dampened somewhat with March auto sales decreasing 0.6%, compared to the previous year. However, first quarter sales increased 1.8%, with light truck sales growing 6.4% despite the volume leading Ford F-Series, at -14.0%, and Ram Pickup, at -5.2%, recording sales decreases year-to-date.
Despite the overall 8.2% decrease in the passenger car market for the first quarter of 2018, the Volkswagen Golf was up 35.8% and the Chevrolet Cruze increased 23.5%, enjoying double digit growth.
The only passenger car segments to record increases in the first quarter of 2018 were the luxury sport, 10.9%, and luxury, 5.7%, segments.
Among light truck segments, the small van (-1.7%), intermediate luxury SUV (-1.8%), intermediate SUV (-2.5%), and large pickup (-6.4%) segments recorded the only sales decreases in the first quarter.
Manitoba, up 13.3%, and Ontario, up 4.6%, were the only provinces to record sales increases for March while Prince Edward Island was down 34.3% and Saskatchewan off by 24.6%, and experienced significant sales decreases for March 2018.