Canada auto sales fall marginally

Canada's auto sales recorded a small dip in May as strong sales of light trucks failed to offset slowing demand for passenger cars. Overall auto sales fell 0.7 percent in May, with passenger cars posting a 9.4 percent decline to 68,070 units, according to research firm DesRosiers Automotive Consultants.
In contrast, light truck sales rose 4 percent to 147,337 units, accounting for nearly 69 percent of overall sales. Strong performances from Chevrolet light trucks and cars, helped General Motors Co post a 5.4 percent rise in sales to 32,831 units. However, rival Ford Motor Co reported a 3.3 percent drop to 33,341 units, while Fiat Chrysler Automobiles NV sales slumped 15 percent. The boost in May sales also helped General Motors edge out Ford for the overall sales lead on a year-to-date basis.