CANADA: Vehicle sales rebound in April

Canadian auto sales rebounded in April with a 3.7% gain and despite a double-digit sales drop at General_Motors of Canada.
 
Overall, Canadian auto sales rose to 175,200 vehicles in April after a 0.5% drop in March and double-digit sales gains in January and February, Reuters reported.
 
"April is one of the critical four spring months (March to June) where Canadians are in the vehicle markets in a very big way," Dennis DesRosiers, president of DesRosiers Automotive Consulting Inc, said in a note. "So a strong April bodes well for sales on the year."
 
DesRosiers said the rise in April auto sales was due to a combination of lower prices, product availability, solid fleet sales and a healthy Canadian economy.
 
GM said it sold 38,984 vehicles in April, a 13.5% drop from the same month last year. Ford sales slipped 4.5%.
 
Chrysler rose 8% and Toyota said it set a new record for monthly sales with 25,441 units in April, a gain of nearly 20% over last April.
From: just-auto.com editorial team

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