The Globe and Mail has broken down the top 10 auto auctions in Canada for 2016, with the top three sellers, Audi, Mercedes-Benz and BMW, earning over $1 billion in sales.
Here are the top five auto sellers, according to the Canadian Association of Auto Traders.1.
Audi – $1.4 billion2.
Mercedes- Benz – $937 million3.
BMW – $890 million4.
Chevrolet – $797 million5.
Ford – $693 millionThis is the biggest one-time acquisition for the three automakers, according Toews, and the biggest single purchase for the four major automakers combined.
The other major car auction in Canada this year is the new Chevrolet Bolt EV, with an estimated $1,717 million for the Canadian automaker.
The Bolt will start at $35,000, but that is likely to rise as the production of the car ramps up.5.
Chevrolet Bolt – $3,632 millionCanadian Auto Trader’s annual survey of automotive auctions and transactions for 2016 found that in all but two cases, the Canadian auto industry accounted for over 90 per cent of all vehicle sales.
For 2016, the automakers accounted for 71 per cent.
The auto industry made up the largest share of sales in all regions, accounting for 52 per cent in Canada, according the survey.
This is good news for the sector, which was in a recession in the first half of the year.
For more news on auto sales, follow the Globe and Miners on Twitter.