Close X
Tuesday, October 1, 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

Yoga On Capitol Hill

Yoga On Capitol Hill
In a curtain-raiser event for the First International Day of Yoga on June 21, the newly founded Congressional Yogi Association organized the first-ever "Yoga on the Hill" at Capitol Hill, the seat of US parliament.

Yoga On Capitol Hill

A Week After, Nepal Quake Toll Hits 7,040

A Week After, Nepal Quake Toll Hits 7,040
As search and rescue operations continued for the seventh day, the toll due to the massive earthquake that hit Nepal on April 25 rose to 7,040 on Saturday, officials said.

A Week After, Nepal Quake Toll Hits 7,040

A Week After, Nepal Quake Toll Hits 7,040

A Week After, Nepal Quake Toll Hits 7,040
As search and rescue operations continued for the seventh day, the toll due to the massive earthquake that hit Nepal on April 25 rose to 7,040 on Saturday, officials said.

A Week After, Nepal Quake Toll Hits 7,040

Kate Middleton Makes First Public Appearance With Newborn Baby Daughter Looking Immaculate

Kate Middleton Makes First Public Appearance With Newborn Baby Daughter Looking Immaculate
 The newborn British princess on Saturday evening made her first public appearance, along with her parents, the Duke and the Duchess of Cambridge, outside St. Mary's Hospital where she was born.

Kate Middleton Makes First Public Appearance With Newborn Baby Daughter Looking Immaculate

Sikhs Explain Meaning Of Turban To US Lawmakers

Sikhs Explain Meaning Of Turban To US Lawmakers
Sikhs have to explain to American people what the turban means because that is the immediate source of their identification, according to the author of a new report on Sikhs in America presented to US lawmakers.

Sikhs Explain Meaning Of Turban To US Lawmakers

Online Voting Can Be A Reality In Britain By 2020 Thanks To This Indian-Origin Man Gurchetan Grewal

Online Voting Can Be A Reality In Britain By 2020 Thanks To This Indian-Origin Man Gurchetan Grewal
Even as voters gear up to stand in queue for Britain's upcoming general election this month, researchers, including one of Indian-origin, have developed a technique to allow people to vote online - even if their home computers are suspected of being infected with viruses.

Online Voting Can Be A Reality In Britain By 2020 Thanks To This Indian-Origin Man Gurchetan Grewal