CANADIAN IMMIGRATION NEWS

Record spending on new vehicles: StatsCan

Monday, 23 April 2007

Record spending on new vehicles: StatsCan

Record spending on new vehicles: StatsCan Last Updated: Monday, April 23, 2007 | 11:06 AM ET CBC News Canadians drove the number of new vehicles sold in 2006 to its second highest annual level — and paid more for those vehicles than ever before, says Statistics Canada. Collectively, they bought 1,666,327 new cars and trucks for a record total value of $54.6 billion — up 3.9 per cent from the previous year, according to a Statistics Canada report released Monday. Despite rising gas prices, the sales of gas-hungry minivans, sport utility vehicles, light and heavy trucks, vans and buses surged to a new record high. Consumers bought 803,166 of these vehicles in 2006, up 2.3 per cent from the previous year. The average sale price of a new vehicle also hit a new high, rising by 1.7 per cent to about $32,700. Consumers in the western provinces bought more expensive vehicles than their eastern counterparts.