Canada Auto Sales Fall to Lowest Since May 1999; Gas Spike, Insurance Costs Blamed

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Canada’s car and truck sales plum­met­ed in May after an April surge. May sales dropped 11 per­cent from the year-ago month, 182,572 to 162,472. Four automak­ers had dou­ble-dig­it loss­es: Ford, 17 per­cent; GM, 12 per­cent; Hon­da, 22 per­cent; and Hyundai, 26 per­cent. Toron­to auto ana­lyst Den­nis DesRosiers blames the loss on gas spikes and insur­ance costs.





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