There was a big surge in sales of new cars and trucks from February to March of this year, although March’s sales still fell short of those from a year earlier, new Statistics Canada figures show.
The seasonally unadjusted sales data released today shows 4,728 new vehicles left the dealership lots in March. That was a 46 per cent jump from the previous month, when 3,237 new cars and trucks were sold. However, it was still down 2.9 per cent from March 2012’s total of 4,868.
The month-over-month improvement was split almost evenly between passenger cars and trucks. Car sales were up by 45.7 per cent to 1,526 units from 1,047 in February. Sales of trucks, which includes light and heavy trucks, vans, minvans, sport utility vehicles, and buses, increased by 46.2 per cent to 3,202 from 2,190.
It was a similar story with the year-over-year numbers. Car sales were down 3.2 per cent from a year earlier, when 1,577 units were sold. And truck sales were off 2.7 per cent from March 2012’s total of 3,291.
March’s sales tally left new vehicle sales for the first three months running 1.9 per cent, or 212 units, ahead of last year’s pace for the same period — 11,169 versus 10,957.