Al writes about vehicle-production and market trends in North America.Author.FollowAnalystText
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Year-on-year sales of mediums and heavies through November totaled 426,032, an increase of 2.8% from like-2021’s 414,550. Class 8 heavies were up 14.2%, to 225,163 from 197,173, while medium-duty sales fell 7.6% short of matching prior-year’s 217,377.
Despite earlier indications that Mexican consumers were about to ease up on durable-goods purchases, they continued flocking to automotive showrooms in November, driving away with 95,445 new light vehicles. That was more than both the prior month and year-ago. Light-vehicle sales in January-November reached 964,036 units, an increase of 5.2% from like-2021’s 915,950.
Although November Canadian new light-vehicle sales took a respite from October’s robust performance, they bested the inventory-strapped prior-year results. Total light-vehicle sales of 1,433,115 for the 11-month period through November were 8.1% lower than the 1,559,832 sold in like-2021.
Year-on-year sales of mediums and heavies reached 384,794 in January-October, a 1.4% increase from 379,357 in like-2021.
For calendar 2022 through October, Mexican dealers retailed 868,591 light vehicles, a 4.2% increase from 833,261 in the same period a year ago.
Canada light-vehicle sales for the 10-month period through October fell 9.5% shy of matching like-2021, 1,306,992 vs. 1,444,380, with car sales down 18.5% and light trucks off 7.3%.