New York  London  GMT  Tokyo  Singapore 
12:55 GMT
14
Oct 2008

Canadian New Motor Vehicles Continue To Fall In August

(RTTNews) - Canadian new motor vehicle sales fell for a third straight month in August, slipping 2.3 percent due to declining sales of passenger cars, according to data released by Statistics Canada Tuesday morning in New York.

Dealerships sold 137,937 new motor vehicles in August, down from 141,196 in July. 143,840 new motor vehicles was sold in August 2007.

Passenger car sales continued on their downward trend of the last few months with a 4.2% decline in August to 73,484 vehicles. This decrease was entirely due to a 6.8% sales drop in North American-built passenger cars. After two consecutive monthly declines, overseas-built passenger car sales edged up 0.4%.

Sales of new trucks (which include minivans, sport-utility vehicles, light and heavy trucks, vans and buses) were virtually unchanged from July with 64,453 vehicles sold.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2008 RealTimeTraders.com, Inc. All Rights Reserved

Posted in Categories: Canada, Economy, Releases, Stocks.

If you like this article please...
Subscribe by RSS Subscribe by Email Email This Post To A Friend Email This Post To A Friend
Opinions From Our Contributors
Commodities Financials Exchange Traded Funds
Stocks Forex Economy

HEADLINES
UPCOMING EVENTS
In 23 mins: CHF Employment Level (3Q)
In 1 hr: EUR German IFO - Business Climate (NOV)
In 1 hr: EUR German IFO - Current Assessment (NOV)
In 1 hr: GBP Total Business Investment (QoQ) (3Q P)
In 1 hr: GBP Total Business Investment (YoY) (3Q P)
Enter Your Email Address
Theme By: WordPress Theme Shop