Saturday, March 2, 2019

Canadian Auto Sales Slip For Eleventh Straight Month -- Canadians Want Trucks -- March 2, 2019

Talk about cognitive dissonance. The country that doesn't want pipelines to move fossil fuel and the country that is so concerned about global warning prefers diesel- and gas-guzzling trucks to fuel-efficient sedans. Who wudda thought?

Link at Auto Economics. Data points:
  • Canadian auto sales dropped for the eleventh straight month in February, 2019
  • auto sales fell 3.7 percent from a year earlier
  • truck sales rose 1.2 percent
  • passenger car sales fell a whopping 16 percent
  • heavy goods vehicles? represented nearly 75% of all sales in the month
What do analysts blame? "Significant snow and weather" events. I can't make this stuff up. Remember, this was not a single month of declining auto sales but the eleventh straight month. Hard to believe that "significant snow and weather" was the reason for the "eleventh straight month."

Whatever.

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