New vehicle sales are up in B.C., Central 1 Credit Union’s B.C. economic briefing reported August 16.
According to the report, seasonally adjusted vehicle sales rose 4% in June to 15,600 units.
For 2013, Central 1 forecasts a modest jump in vehicle to 183,000 units – 4% more than 2012.
Vehicle sales, reads the report, “are a secondary economic indicator for B.C.’s economy, acting as a gauge of consumer confidence and the willingness to make large-scale purchases.”
The upward trend in vehicle sales, adds the report, has been consistent since late 2012.
