How are sales doing in Canada for 2017?

2017 has inevitably been a high for the automotive industry as a lot of sales were made in the month of October. According to Desrosiers Automotive Reports, specifically passenger cars are going down in sales and light trucks are going up. This is because people are purchasing more SUVs. Also we have new luxury brands called Genesis owned by Hyundai. Evidently, they have increased their sales by 90% this year. DesRosiers Automotive advisors claim that yearly car sales are at ease and on path to sail past two million for the first time after another record-setting month.

The consulting firm claims that October sales reached approximately 164,200 vehicles for a 6.3 per cent boost from the same month last year. October's numbers brought total sales this year to about 1.76 million, up 5.6 per cent from last year. General Motors last month hit sales with an increase of 26.5 per cent at 26,847 units. GM's chief rival Ford followed near behind, with its sales down two per cent at 21,068 units. That puts GM within 10,000 units of Ford, the chief grand seller in 2017, for total sales so far this year.

Why the increase in sales?

While vehicle deals in the U.S. keep on struggling, Canada continues to increase. In the U.S., new vehicles and trucks fell 2 percent, denoting the eighth straight month of decay — Canada has seen deals increment as the economy keeps on developing at a superior than-foreseen pace.

Worldwide car deals are additionally ready to set an eighth-continuous yearly record, as indicated by the Scotiabank Global Auto Report. Deals in Canada are anticipated to achieve two million. Record worldwide deals remain in sharp difference to 'crest auto' fears that have turned out to be well known with cynics and show up routinely in media features.