Investing.com - Financial Markets Worldwide
Unlock Premium Data: Up to 50% Off InvestingProCLAIM SALE

Fiat Chrysler and Honda report higher June Canadian sales

Published 2016-07-04, 11:53 a/m
© Reuters. Fiat Chrysler and Honda report higher June Canadian sales
STLAM
-
HMC
-

MONTREAL, July 4 (Reuters) - Fiat Chrysler Automobiles
FCHA.MI and Honda Motor Co Ltd 7267.T both on Monday
reported a 2 percent rise in June Canadian sales, compared to
the same month in 2015, because of increased demand for light
trucks.
FCA Canada reported a total of 27,776 vehicles sold in June,
on an annual basis, while Honda said its Canadian sales rose to
16,905 units during the month.
For the first half of 2016, FCA Canada said in a release it
sold 152,439 vehicles, a record high for the automaker.
"At the mid-year point, FCA Canada is on pace for another
record-setting sales year," said Dave Buckingham, Chief
Operating Officer, FCA Canada, in a release.
In May, Canadian auto sales slipped 1.5 percent on an annual
basis, the first monthly decline since December 2015, in part
because the month had two fewer selling days.
According to a June report by Scotiabank, Canadian auto
sales are expected to rise to 1.96 million vehicles in 2016, up
from 1.9 million units last year.
In the United States, which reported results on July 1, the
pace of auto sales slowed in June compared to a year ago, as
slumping sales of sedans offset strong demand for pickups and
sport utility vehicles. The seasonally adjusted annual sales
pace for June was 16.66 million, according to Autodata Corp,
down from 17 million vehicles a year earlier.

Latest comments

Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.