Annual Sales: Canadian Passenger Vehicle Sales

Canadian passenger vehicle sales: Canadian passenger vehicle sales averaged a seasonally adjusted annual rate of 1.75 million units in April and May, well above the bank's previous full-year forecast, it said, according to CTV. The estimate assumes that automakers will maintain current incentives through the end of 2013, it added and TORONTO -- Incentives from automakers have boosted Canadian sales of light vehicles and put the country on track to hit an annual sales record this year, according to a Scotiabank report issued Thursday. "As a result, we are increasing our 2013 Canadian passenger vehicle sales forecast to a record 1.72 million units from 1.69 million," Scotiabank said in its monthly report on the global auto industry. (www.immigrantscanada.com). As reported in the news.