Big Three Canadian market share below 50% for first time
Last Updated: Tuesday, October 3, 2006 | 6:11 PM ET
CBC News
For the first time, the Big Three automakers did not sell a majority of the vehicles sold in Canada last month, according to the latest sales figures.
GM Canada, Ford Motor Co. of Canada and DaimlerChrysler Canada collectively sold 66,651 cars and light trucks in September, Desrosiers Automotive Consultants said in its monthly market snapshot.
The so-called import nameplates — Toyota, Honda and Nissan among them — sold 69,113 vehicles across the country.
"For nine years in a row, they [GM, Ford and DaimlerChrysler] have lost market share," Dennis Desrosiers, president of Desrosiers Automotive Consultants, told CBC News Online.
"So at some point, this was going to happen," he said.
Desrosiers said that if fleet sales are excluded (concentrated among GM, Ford and Chrysler brands), import nameplates have actually been winning the sales game in Canada for the last four years.
Industry figures show that overall Canadian sales last month rose 9.3 per cent from the same month in 2005. A year ago, consumers stayed away from showrooms as gasoline prices hit record highs after Hurricane Katrina and a number of incentive programs had just ended.
Car sales gained 3.7 per cent, according to Desrosiers, while light truck sales surged 16.6 per cent.
Perennial sales leader GM Canada saw its sales rise 8.1 per cent. But double-digit increases at Toyota and Honda allowed them to come in second and third last month, pushing Chrysler and Ford into fourth and fifth spots.
Year-to-date, the market share of the Big Three in Canada stands at 53.8 per cent, according to Desrosiers. Last year at this time it was 56 per cent.
Share Tools
Top News Headlines
- Canadian Pacific strikers face back-to-work legislation
- Labour Minister Lisa Raitt is prepared to end the Canadian Pacific Railway strike if necessary, after both CP and the union rejected a proposal for voluntary arbitration by the government-appointed negotiator on Sunday. Raitt says she is "extremely disappointed." more »
- Syrian regime denies role in Houla massacre
- The UN Security Council condemned the Syrian regime at an emergency meeting Sunday, holding president Bashar al-Assad's military responsible for the massacre of more than 100 people, dozens of whom were children younger than 10 years old. more »
- Ryder Hesjedal wins prestigious Giro d'Italia
- Victoria, B.C., native Ryder Hesjedal has become the first Canadian to win one of the cycling world's three Grand Tour events, wrapping up the 2012 Giro d'Italia with an excellent performance in the final stage in Milan. more »
- Neighbour may have helped find missing kids in Mexico
- Two Winnipeg children who had been missing for nearly four years were found in Mexico after a man raised concerns about his neighbour, according to a private investigator. more »
Latest Business Headlines
- Bankia asks Spain for €19B
- The board of directors of Spain's troubled bank, Bankia, has asked the Spanish government for €19 billion ($24.5 billion Cdn) in financial support. more »
- EI reforms aim to boost employment, Flaherty says
- Finance Minister Jim Flaherty defended his government's proposals to change employment insurance, saying the aim is to remove "disincentives to employment." more »
- Employment Insurance review boards to be scrapped
- The federal government is scrapping two review boards used by people appealing decisions made about their employment insurance. more »
- Ottawa moves to limit foreign investment reviews
- The federal government is raising to $1 billion the amount of foreign money that can go into a Canadian company before the investment is reviewed. The review has been used in the past to block foreign takeovers of MDA and Potash Corp. more »
Lang & O'Leary Exchange
Markets
| Index | Last Trade | Change |
|---|---|---|
| TSX COMPOSITE | 11576.47 | 10.4 |
| DOW | 12454.83 | -74.92 |
| NASDAQ | 2837.53 | -1.85 |
| SP 500 | 1317.82 | -2.86 |
| NYSE COMPOSITE | 7534.32 | -18.01 |
| AMEX | 2227.37 | 1.45 |
| TSX-VENTURE | 1309.27 | 26.8 |
The data on this site is informational only and may be delayed; it is not intended as trading or investment advice and you should not rely on it as such.
Business Features
- Accused in blast that killed Alberta mom handled her funds
- Remains found in bag on Cape Breton river ID'd
- Neighbour may have helped find missing kids in Mexico
- Quebec students, government to resume talks
- Syrian regime denies role in Houla massacre
- Lip-dub marriage proposal an internet hit
- Canadian Pacific strikers face back-to-work legislation
- B.C. NDP calls for unity in fighting coast guard closure
- Calgary Marathon winner breaks 21-year-old record

