The Canadian auto market is halfway to another record year, sitting comfortably ahead of last year.
Sales finished 6.0 percent higher for the first half of 2016, without a clear sign of slowing down. The market rebounded strongly in June after a slower month in May. Sales improved 7.4 percent year-over-year to 191,088 units – a new June sales record.
Total sales of SUVs, pickup trucks and vans were 124,594 units, 13.9 percent higher than June 2015. Passenger car sales remained sluggish, dropping 2.9 percent year-over-year.
June exhibited a wide range of sales performances. Jaguar (+175.5%) led the industry in percentage growth last month. Jaguar entered the luxury SUV market for the first time in June. Hyundai (+41.3%) nearly overtook Honda in June sales after an unexpectedly strong month of sales. On the other hand, smart (-50.8%), Volkswagen (-21.2%), Acura (-12.3%) and MINI (-10.7%) showcased that current market conditions can be volatile.
FCA led the industry at the halfway point with 152,439 in sales and 15.4 percent market share. Ford (149,842 units) is a close second, and they captured the highest selling total in June. General Motors at 130,202 units came in third in year-to-date sales.
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