Luxury segment, Stellantis are outliers in an otherwise up sales market

  • 📰 AutoNewsCanada
  • ⏱ Reading Time:
  • 37 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 51%

United States News News

pFebruary sales were up 24.4 per cent, but March sales were up only 9.2 per cent as a split developed: Many mainstream brands are posting large gains, while most luxury brands are down/p

After a red-hot start to 2024, cracks — or, more appropriately, a single pronounced fissure — are starting to form in the Canadian new-vehicle market.

DAC called the SAAR “disappointing.” “For the time being, pent-up demand continued to carry the new light-vehicle market as vehicle availability approached normalization, although there are increasing warning signs starting to appear in the market that are raising our level of concern,” said DAC Managing Partner Andrew King.

Karwel didn’t have March or first-quarter data compiled by press time, but he said the trend in those four key metrics has been consistent for months. “In October, November, December of 2023, we still had an elevated number of consumers buying their lease at the end of the term.” “Toyota Canada’s firm belief is that if you meet the needs of your customers, they may choose to make you No. 1.”

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 77. in US

United States United States Latest News, United States United States Headlines