Record Year Possible for Canadian Auto Sales-BMO Economics
(firmenpresse) - TORONTO, ONTARIO -- (Marketwire) -- 07/05/12 -- With Canadian auto sales setting a June record and the first half of the year close to the best six-month stretch on record, sales for all of 2012 will challenge the all-time mark of just over 1.7 million units set in 2002, according to BMO Economics.
June saw a 2.8 per cent rise year-over-year in Canadian auto and truck sales, lifting the gain for the entire first half of 2012 to 7.1 per cent year-over-year.
"These figures contrast significantly with recent cautious readings on consumer confidence and the broader economy," said Douglas Porter, Deputy Chief Economist, BMO Capital Markets.
Robert Sadokierski, Head of Dealership Financing for BMO, expects auto manufacturers will be offering more incentives for consumers. "There is good news for buyers on all fronts as companies roll out redesigned models in the compact, mid-sized and luxury segments."
About BMO Financial Group
Established in 1817 as Bank of Montreal, BMO Financial Group is a highly-diversified North American financial services organization. With total assets of $525 billion as at April 30, 2012, and more than 46,000 employees, BMO Financial Group provides a broad range of retail banking, wealth management and investment banking products and solutions.
Contacts:
For media enquiries:
Peter Scott, Toronto
(416) 867-3996
Paul Gammal, Toronto
(416) 867-3996
Web:
Twitter: (at)BMOmedia
Themen in dieser Pressemitteilung:
Unternehmensinformation / Kurzprofil:
Datum: 05.07.2012 - 13:35 Uhr
Sprache: Deutsch
News-ID 162633
Anzahl Zeichen: 0
contact information:
Town:
TORONTO, ONTARIO
Kategorie:
Commercial & Investment Banking
Diese Pressemitteilung wurde bisher 272 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"Record Year Possible for Canadian Auto Sales-BMO Economics"
steht unter der journalistisch-redaktionellen Verantwortung von
BMO Financial Group (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
