Canada Vehicles Market 2016 at the new all time record the fifth in a row, first time over the 1.9 million and now approaching the 2 million annual unit. Smart and Jaguar shine while Fiat plunged
Market Outlook
Stabilizing oil prices should boost export revenues and encourage investment next year. This, along with a boost in public spending, should cause GDP growth to rise from the expected 1.2% in 2016 to 1.9% in 2017, which is unchanged from last month’s forecast. For 2018, the panel sees GDP growth stable at 1.9%.
Domestic vehicles market ended the year with a low tone, as the second half of the year was weak, but anyhow achieving a memorable record, hitting the new annual all time record sales for the fifth year in a row. The market grow steadily but always!
As anticipated, last months had not been positive and the trend was confirmed by December for which the data released by the Canadian Transportation Authority, were only 125.865, down 2.5%.
The full year sales were 1.936.395 sales (+1.8%) with the market ranking as World’s 10th.
Competitive Arena
Ford led the ranking with 296.125 units (+9.5%) ahead of Toyota and Honda, while among the highest increase of the year there were Volvo, Land Rover, Buick, Audi and Porsche. The best performances had been reported by Smart and Jaguar, improving 161.9% and 134.1%.
Fiat hit the sharpest slowdown, losing 57.7%, followed by other lost at lower level for Chrysler, Volkswagen, Mini and Scion.
The Ford F-series was obviously the best-selling model with 145.409 units (+22.4%), while in 2nd place was the Ram Pick-up with 89.048 (-2.4%) ahead of the Dodge Grand Caravan with 51.349 (+9.4%).
Tables with sales figures
In the tables below we report sales for all Brands, top 10 Manufacturers Group and top 10 Models
