💎 Fed’s first rate cut since 2020 set to trigger market. Find undervalued gems with Fair ValueSee Undervalued Stocks

GM Canada auto sales up; Fiat Chrysler, Ford take a hit

Published 01/03/2018, 01:21 PM
© Reuters. Chevrolet Equinox SUVs are parked awaiting shipment near the General Motors Co (GM) CAMI assembly plant in Ingersoll
GM
-
F
-
STLAM
-

(Reuters) - General Motors Co's (N:GM) December sales in Canada rose 9.2 percent but that of rivals Fiat Chrysler (MI:FCHA), (N:FCAU) and Ford (N:F) fell due to weak demand for their vehicles.

Detroit-based GM sold 19,801 vehicles in Canada last month, with Chevrolet accounting for more than half of total sales.

GM Canada sold 302,826 vehicles in 2017, up 13.3 percent over the previous year, the company said, contrasting with sales in the much bigger U.S. market where the Cadillac maker recorded a fall of 1.3 percent.

However, Fiat Chrysler Automobiles (MI:FCHA), (N:FCAU), reported a fall in monthly and yearly sales, hurt by a lower demand for its Jeep and Dodge branded vehicles.

The company said it sold 17,654 vehicles in December, a drop of 6 percent compared to the year earlier. Full-year sales were down to 267,052 vehicles, a 4.2 percent drop compared to the year ago.

© Reuters. Chevrolet Equinox SUVs are parked awaiting shipment near the General Motors Co (GM) CAMI assembly plant in Ingersoll

Ford reported an 11.1 percent drop in monthly auto sales, hurt by weak demand for cars and trucks, selling 17,565 vehicles in December. However, full-year sales were up by 1.3 percent.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.