New vehicle sales slumping again

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OTTAWA, Ont. — New light truck sales slipped in May, causing an overall decline of 2.1 per cent in new motor vehicle sales compared with April.

In May, 131,456 new motor vehicles were sold, down 2,824 from the month prior. May’s decline followed two consecutive monthly increases — including a sharp rise of 5.8 per cent in April and moderate 0.8 per cent in March.

In recent months, new motor vehicle sales have generally been moving upward, following a slide that began in the fall of 2000. Since the start of the year, new motor vehicle sales have advanced rapidly in the west, while they have grown at a slower pace in the east and have stabilized in Ontario and Quebec.

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