🔥 Premium AI-powered Stock Picks from InvestingPro Now up to 50% OffCLAIM SALE

GM Canadian auto sales rise in June on trucks, SUVs

Published 2017-07-04, 01:15 p/m
© Reuters.  GM Canadian auto sales rise in June on trucks, SUVs
GM
-
STLAM
-

OTTAWA, July 4 (Reuters) - General Motors Co (NYSE:GM) GM.N said on Tuesday it sold 27,151 vehicles in Canada last month, up 4.2 percent from a year earlier as dealerships saw increased demand for pickup trucks and compact sport utility vehicles.

The increase in sales made for GM's best June performance since 2011, the company said. For the first six months of the year, total sales were up 15.6 percent, the strongest first half of the year since 2008, just before the global financial crisis hit.

In contrast, Fiat Chrysler FCHA.MI said it sold a total of 26,926 vehicles in June, down 7 percent from the year before as sales of its Jeep brand declined.

U.S. auto sales fell for a fourth consecutive month in June, despite hefty consumer discounts, the major automakers reported on Monday. Auto sales hit a record high in May, prompting Scotiabank senior economist Carlos Gomes to recently raise his 2017 sales forecast to 2 million vehicles from 1.94 million.

Latest comments

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.