Canadian auto sales may be record high in 2013: industry

Canada auto

EXCEEDING MARKET PROJECTIONS

GM Canada expects the company's own growth to exceed market forecasts, helped by the overhaul of about 70 percent of its line of vehicles over the next year and a half.

"That puts the company in much better footing," said Kevin Williams, president of GM Canada. "We see an opportunity to begin to regrow our share. We've stabilized the business."

Sales for Honda, which won the Car of the Year award at the auto show on Thursday for its new Accord model, slumped 26.5 percent in January.

Despite the slow start to 2013, Gardner said the company still aims for sales close to 150,000, rising from around 132,000 sold in 2012. The figures exclude Honda's Acura nameplate, whose recent sales have disappointed.

Toyota Canada recorded an 18.4 percent increase in sales in 2012, but managing director Stephen Beatty said sustaining that kind of growth was unrealistic.

Still, Toyota expects sales to keep rising in 2013, having launched a number of redesigned vehicles recently, including the Canadian-built RAV4, with more in the pipeline.

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