Friday, November 02, 2007

What Buzz and Ken don't want you to know

Lost in the shuffle of layoff announcements yesterday were the following statistics:
Canada October auto sales rise led by Detroit 3

"The reality is that prices have been coming down across most models all year and lower prices have resulted in a much stronger market," said Dennis DesRosiers, president of DesRosiers Automotive Consulting Inc.

General Motors of Canada (GM.N), the country's biggest automaker, said its October sales rose 13.2 percent from the same month last year to 30,327 vehicles.

Ford Motor Co. of Canada (F.N) moved 16,902 vehicles off its lots in October, up 6.2 percent from the same month last year. Truck sales rose 15.1 percent to 13,020, while car sales slipped 15.7 percent to 3,882.

Chrysler Canada sales rose 2.6 percent to 15,411 vehicles in October, which marked the automaker's 15th straight month of higher sales.

Toyota Canada Inc. (7203.T) said its October sales totaled 14,484 vehicles, down 9.5 percent from a year earlier.

The automaker said sales at its Toyota division dropped 11 percent to 13,358 vehicles, while its luxury Lexus division sales rose 13.4 percent to 1,126 units.

Honda Canada Inc. (7267.T) said its October vehicle sales fell 9 percent to 11,377 units. Its Honda division sales fell 6 percent to 10,123 units, while its Acura division sales dropped 28 percent 1,254 vehicles.