New vehicle sales declined for the first in two months as December totals dipped 4.8 per cent to 128,210, Statistics Canada says.
Sales of both passenger cars and light trucks dropped with the latter accounting for the lion’s share of the decline. The report shows truck sales were down 6.9 per cent to 69,998 in December.
Passenger car sales fell for a second straight month, decreasing 2.2 per cent to 58,212. Sales of domestic passenger cars dipped 3.6 per cent, while import units edged down 0.3.
But it is not all bad news on the horizon as “preliminary industry data indicate that the number of new motor vehicles sold in January increased three per cent,” Statistics Canada reports.
- With files from The Canadian Press