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flag Canadian auto sales fell 1.8% in October, marking three straight months of declines due to higher rates and weaker spending, yet remain above pre-pandemic levels.

flag October auto sales in Canada were down 1.8% compared to the previous year, according to automotive analyst DesRosiers, though the market remains relatively strong overall. flag The decline marks the third consecutive month of year-over-year decreases, driven by higher interest rates and reduced consumer spending. flag Despite the drop, sales volumes are still above pre-pandemic levels, indicating continued resilience in the sector.

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