Follow on Google News News By Tag Industry News News By Location Country(s) Industry News
Follow on Google News | Canadians Buy Used Cars - on track for record salesA press release on the record sales of new and used cars in Canada.
By: Sean Traynor The report also shows more Americans buy used cars than new ones. Instead of buying a new vehicle Americans are replacing there old vehicles with used automobiles such as compact cars and light trucks. Scotia banks report did point out thou that fleet sales from corporations, government and rental companies are replacing there old fleets with new ones and this lead to a overall 30% increase of this market place. Bank of Scotia report also points out that Canadians purchase more new vehicles and this will have the 2010 light trucks and cars at a total of 4.4 million vehicles. Used cars took 2.9 million units sold and new trucks and cars were 1.57 million. This is up from 2007 levels at 4.3 million cars and trucks. Bank of Scotia economist Carlos Gomes was quotes as saying that the record sale of new vehicles shows how strong the Canadian job market is and also the great incentives to buy new automobiles. The report also show that Canadians are back to buying Suv’s(gas guzzlers), large cars and crossovers because of the amazing incentives out there. Canadian’s will need to replace their old vehicles, there are 8.5 million vehicles that are 9 years or older. So more Canadians will buy used cars or new ones in 2011. You can visit http://youpaidwhat.ca and find more info on new and used cars. # # # YoupaidWhat is a online vehicle posting site in Canada. The website only shows American vehicles. The purpose of the site is to advertise U.S. vehicles and show Canadians the bigger savings. End
Account Email Address Disclaimer Report Abuse
|
|