Car sales continue to increase
Auto industry sees huge year-over-year gains
There’s more good news for the auto sector as Scotia Economics releases its latest Global Auto Report showing a 25 per cent year-over-year gain for sales in March. It’s the sixth consecutive double-digit increase for the industry, which the bank says is largely due to year-over-year gains of more than 40 per cent in developing nations. Meanwhile, the volume of car sales in North America is increasing at the fastest rate in ten years, and consumers are increasingly buying more expensive vehicles.
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