Thursday, September 5, 2013

Auto sales hit record pace in August

Canadian auto sales hit a record pace last month as they jumped 6.5 per cent compared with last year, according to data compiled by DesRosiers Automotive Consultants.
"Building on strong sales over the year's first seven months, Canadian consumers drove the light vehicle market to its best August result ever," DesRosiers said in a report.
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Auto sales are often seen as a predictor of future spending by household and an indication of consumer confidence in the marketplace.  People will usually not spend money on a big ticket item like car sales if they are not feeling confident in future economic prospects

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