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UPDATE 1-Ford, Fiat Chrysler report higher April sales in Canada

Published 2016-05-03, 02:50 p/m
© Reuters. UPDATE 1-Ford, Fiat Chrysler report higher April sales in Canada
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(Updates U.S. sales in last paragraph, adds sales for Subaru)
MONTREAL, May 3 (Reuters) - Ford Motor (NYSE:F) Co F.N and Fiat
Chrysler Automobiles FCHA.MI on Tuesday reported double-digit
growth in Canadian auto sales in April, fueled by growing demand
for trucks in a market expected to once again break records in
2016.
Fiat Chrysler (NYSE:FCAU) reported sales of 30,108 vehicles in Canada
last month, up 10 percent compared with April 2015. Ford sales
grew 11 percent to 30,327 vehicles, even as customer demand
declined for sedans.
"We are off to the best sales start in our history," said
Dave Buckingham, chief operating officer for Fiat Chrysler
Canada in a statement.
Other automakers also reported record Canadian sales for the
month with Subaru's Fuji Heavy Industries Ltd 7270.T retailing
5,087 vehicles in April, up 3.8 percent compared with the same
month in 2015.
In the United States, auto sales were on course to reach a
new high for the month of April on Tuesday, but shares were
pressured on concerns the cyclical industry may be hitting a
peak and luxury sedan sales were slowing.

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