2014-02-07 21:39:02 - Canada Autos Report Q1 2014 - a new market research report on companiesandmarkets.com
The booming light truck segment carried total light vehicle sales to another strong month in November 2013 with sales up 6.5% year-on-year (y-o-y). This has prompted a slight upward adjustment to our full-year estimate for total light vehicle sales, which we now expect to end 2013 up 4.7%.
Furthermore, based on an improving GDP outlook for 2014 and 2015, coupled with a better than expected year for sales in 2013, we have also revised our forecasts upwards for the next two years. We expect the light truck segment to continue its outperformance of the passenger car segment going forward. The downside risk, however, will be the potential for a crash in the housing market, which is one of the biggest drivers
of the segment.
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