The head of Canada’s largest publicly traded auto dealership group says new-vehicle sales are “probably flattening the rest of the calendar year.”
AutoCanada Inc. President and CEO Steve Landry made the comments on Business News Network late Friday.
Total Canadian sales were up 4.2 per cent in the first quarter of 2017 but slipped 1.6 per cent in April.
Landry said the industry could still “come close” to the record 1.95 million vehicles sold in 2016. He said “there is plenty of business out there” and with low interest rates, people are still looking to finance vehicles.
“People in Canada still love their cars and trucks, so they’re getting financing,” Landry said.
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