BMO expects BC car sales in the pre-owned segment to drop in the coming months along with used car and truck sales in the rest of Canada. This is because they expect New car sales in the USA to reach the 18,000,000 mark for the first time since 2007.
BC car sales dealers in the pre-owned market and the rest of Canada can expect larger inventories as Canadians begin trading in their used cars and trucks for a brand new vehicle leaving plenty of used car deals to be available across the country.
Canada’s own automobile market continues to surge ahead with Canada including BC car sales expected to remain steady at approximately 1.7 million new vehicles delivered per year. Chrysler is leading the pack as far a new car sales go most likely due to manufacturer incentives brought on to stem the company’s financial difficulties earlier in the year.