Close X
Tuesday, November 5, 2024
ADVT 
International

Auto Sales On Pace For Record, Driven By Popularity Of Light Trucks

Darpan News Desk The Canadian Press, 04 Jul, 2016 01:13 PM
  • Auto Sales On Pace For Record, Driven By Popularity Of Light Trucks
TORONTO — At least once a week, 76-year-old Ken Dacko makes the 200-kilometre round trip from his home in Alma, Ont., to the factory in Brampton, Ont., where he works.
 
Earlier this year, Dacko purchased a 2016 Jeep Wrangler. He says driving a brand-new vehicle that's reliable and guaranteed to start gives him peace of mind.
 
"Four-wheel drive is important for the winter time because I leave for work around three-thirty, four o'clock in the morning, and sometimes the roads this far north are not plowed," he says.
 
Dacko is one of thousands of Canadians snapping up new vehicles in droves, despite concerns about the economy and mounting consumer debt.
 
DesRosiers Automotive Consultants is expected to release figures later Monday showing how auto sales have fared for the first six months of the year.
 
The market research firm said last month that May sales dipped slightly from a year ago, but on a year-to-date basis they were still up 5.6 per cent, putting Canada on track for another record-breaking year.
 
Experts say cheap credit and economic strength in Ontario, British Columbia and to some extent Quebec are helping drive sales.
 
"Interest rates are incredibly low, and as we all know, vehicles are one of the big purchases in people's lives," says Charlotte Yates, an automotive industry expert and vice-president academic at the University of Guelph.
 
In recent years, consumers have been gravitating away from passenger cars and towards light trucks, a category that includes pickups, SUVs, minivans and crossovers. So far this year, that trend has continued.
 
Automotive analyst Dennis DesRosiers says crossovers have become especially popular in recent years, displacing the minivan as the family vehicle of choice.
 
"They fit everything, so the boomer has a vehicle that they can load up with their sports equipment and head out to the beach, and grandma and grandpa that are babysitting have a vehicle that they can put the kids in," DesRosiers says.
 
Their height also makes them convenient for people who may have mobility issues.
 
"They're much easier to get into and out of as opposed to a small sedan," says Scotiabank economist Carlos Gomes.
 
Yates says the relationship that Canadians have to the outdoors is another reason why sales of light trucks have been on fire.
 
"I do think there is a kind of iconic culture around the SUV, the crossover, the truck," says Yates. 
 
"We live a paradoxical existence. More and more of us live in cities, but we still have the myth that we need the four-wheel drive because we're going to the country. ... It's about expressing a kind of lifestyle choice, and I think that it's been very, very powerful."

MORE International ARTICLES

Two Detained For Indian-Origin Man Pragaret 'Charlie' Singh's Murder In Britain

Two Detained For Indian-Origin Man Pragaret 'Charlie' Singh's Murder In Britain
Pragaret Singh -- known to family and friends as Charlie Singh -- was shot dead last year near his office in Manchester city's Openshaw area. 

Two Detained For Indian-Origin Man Pragaret 'Charlie' Singh's Murder In Britain

Indian-American Sandipkumar Patel Jailed For Immigration Fraud In New Jersey

Indian-American Sandipkumar Patel Jailed For Immigration Fraud In  New Jersey
A court in the US has sentenced an India-American man to 30 months in prison for his role in an illegal immigration scheme, the Department of Justice said in a press release.

Indian-American Sandipkumar Patel Jailed For Immigration Fraud In New Jersey

Indian-Origin Taxi Driver Neelander Neel Sirohi Pleads Guilty To Rape In Australia

Indian-Origin Taxi Driver Neelander Neel Sirohi Pleads Guilty To Rape In Australia
n Indian-origin taxi driver in Australia's capital Canberra has pleaded guilty to raping an intoxicated passenger, the media reported on Wednesday.

Indian-Origin Taxi Driver Neelander Neel Sirohi Pleads Guilty To Rape In Australia

Indian-American Police Officer Faces Trial For Sexual Assault

Indian-American Police Officer Faces Trial For Sexual Assault
Rajat Sharda, 33, while on duty, allegedly sexually assaulted a 29-year-old Connecticut woman in August 2013, threatening her not to report the incident

Indian-American Police Officer Faces Trial For Sexual Assault

Slain Indian Grocery Store Owner's Widow Testifies In Auckland Court Who Was Killed In Front Of Her

Slain Indian Grocery Store Owner's Widow Testifies In Auckland Court Who Was Killed In Front Of Her
Arun Kumar, who ran a convenience store in Auckland's Henderson suburb, was killed in an attack last year. 

Slain Indian Grocery Store Owner's Widow Testifies In Auckland Court Who Was Killed In Front Of Her

Indian Father In UK Killed Family After Researching How To Cut A Person's Throat Online

Indian Father In UK Killed Family After Researching How To Cut A Person's Throat Online
An India-born IT professional in Britain stabbed his wife and two daughters to death after researching how to cut someone's throat -- then lived with their bodies for a weekend before hanging himself, an inquest has heard.

Indian Father In UK Killed Family After Researching How To Cut A Person's Throat Online