(Toronto) The new motor vehicle market remained buoyant in September, with sales jumping 19% last month on an annual basis, DesRosiers Automotive Consultants said Wednesday.
However, the specialist firm stressed that the sales figures had benefited from a low comparison with last September’s data, which had been the weakest since 2009.
The improved availability of new vehicles has had a real impact on the market, noted Andrew King of DesRosiers, by alleviating pent-up demand and offsetting pressures from high interest rates and a slowing economy.
Since the start of the year, the auto market has gained 10.1% overall, the report said.
The DesRosiers report shows that General Motors led the market with a 14.6% sales increase, recording a total of more than 197,000 vehicles sold so far this year.
The luxury market also saw significant increases in sales, particularly for the Lexus, Infiniti and Audi brands.
