Canada's auto sales rose 1.8% year-over-year in October, marking the fifth consecutive month of annual growth.
Canadian auto sales rose 1.8% year-over-year in October, marking the fifth consecutive month of annual growth. Data from DesRosiers Automotive Consultants shows the performance set a record for the month of October. The seasonally adjusted annualized rate (SAAR) approached 2 million units, hitting its highest level since February. DesRosiers noted that despite headwinds including soft employment data, high gasoline prices, and cross-border trade friction, Canadian auto sales have shown no signs of slowing down—a trend officials attribute, in part, to unexpected resilience among households.
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