UPDATE 1-Canada auto sales fall 5.9% in May [Reuters]
FIAT CHRYSLER AUTO NV (FCAU)
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Source: Reuters
UPDATE 1-Canada auto sales fall 5.9% in May (Adds auto industry data, comment from trade body official) June 3 (Reuters) - Auto sales in Canada fell 5.9% in May from a year earlier, marking declines for the fifteenth straight month, according to industry data released on Monday. A report www.desrosiers.ca/sales Sales of passenger cars dropped about 17.4%, while light truck sales remained more or less unchanged. “Some brands are doing very well in this market. Product cadence has a lot to do with that,” David Adams, president of industry association Global Automakers of Canada, said in a separate report. “If you were to apply the percentage that the market is down through May to the entire year, we would still come in at almost 1.9 million units, making 2019 one of the best sales years ever,” he said. Among major auto firms, Fiat Chrysler Automobiles NV reported a 25% fall in total May auto sales in Canada. The company, which is one of the top carmakers in the country, sold 21,042 vehi
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