Car sales up 9.2 per cent in March, though signs of weakness increasing: Desrosiers

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TORONTO — DesRosiers Automotive Consultants Inc. says March auto sales were up 9.2 per cent from last year, but it marks a slowdown from a record February...

TORONTO — DesRosiers Automotive Consultants Inc. says March auto sales were up 9.2 per cent from last year, but it marks a slowdown from a record February gain.

DesRosiers says last month's sales still stand far below pre-pandemic March sales of more than 180,000 vehicles. He says a slowdown in the luxury market is becoming more evident as the mainstream vehicle market remains relatively steady.Don Hankey, the chairman and majority shareholder of Knight Specialty Insurance, told CNN on Tuesday that the deal to underwrite former President Donald Trump’s $175 million bond in New York came together quickly and that Trump posted all cash as collateral.

Trump’s social media platform says it’s above ‘traditional key performance indicators.’ An auditor has substantial doubt it can continue as a going concern -- Enbridge Inc. sold $3.5 billion of debt on Tuesday following a downgrade last week by Moody’s Ratings.

 

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