In May 2014, Canadian auto sales shot up to record monthly levels by soaring beyond 195,000 units, one-eighth the size of the U.S. industry last month.
These record sales levels occur as buyers transition from in large numbers from cars to crossovers, particularly smaller crossovers from volume brands. (Read More…)
Though the new-car fuel economy average stumbled a bit in April, the University of Michigan Transportation Research Institute says May’s figure more than made up for it by setting a new monthly record high of 25.6 mpg.
The bleak winter that plagued the start of 2014 looks to be behind the auto makers, as a record-setting SAAR and strong performances by most brands helped propel auto sales in May to post-recession heights.
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