The new vehicle market remained hot in September, according to DesRosiers Automotive Consultants Inc., with vehicle sales jumping 19 per cent in the month on an annualized basis.
However, the firm notes the sales numbers benefited from a weak year-over-year comparison — last year’s September sales were the weakest since 2009.
Andrew King of DesRosiers says improved vehicle availability has made a real impact on the market, alleviating pent-up demand and outweighing the pressures of high interest rates and a slowing economy.
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