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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.
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.
The decline marks the third consecutive month of year-over-year decreases, driven by higher interest rates and reduced consumer spending.
Despite the drop, sales volumes are still above pre-pandemic levels, indicating continued resilience in the sector.
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Las ventas de automóviles canadienses cayeron un 1,8% en octubre, marcando tres meses consecutivos de caídas debido a tasas más altas y un gasto más débil, pero permanecen por encima de los niveles previos a la pandemia.