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Thursday, August 5, 2010

Auto market improves modestly again Ford, GM, Chrysler, Hyundai rise but Toyota and Honda slide in July

Sales at surging Hyundai Canada jumped 9.7 per cent to a record 11,503 vehicles as the Tucson sport utility vehicle and Sonata intermediate car drove most of the increases.
It marked the 18th consecutive month of year-over-year gains for Hyundai. The company has also set sales records for each month this year.
Nissan Canada, including the Infiniti luxury brand, also posted record results for July with sales climbing 10.4 per cent to 8,318.
Mercedes-Benz Canada said business climbed 6.3 per cent to a record 2,102 vehicles during the month while Subaru Canada’s volumes rose 28 per cent to an all-time high of 2,336.
Volumes at BMW Group Canada including MINI cars dropped 11.6 per cent to 2,512 vehicles and deliveries at Volkswagen Canada dipped 3.4 per cent to 3,881.
In the U.S., where Canada exports most of its auto production, sales climbed 5.2 per cent in July. But that’s significantly below the trend for the year and a further sign that the U.S. economy is sputtering.

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