TAILIEUCHUNG - Resource-Rich Provinces Will Continue To Drive Sales Gains In Canada

State criminal codes and law enforcement approaches State criminal codes address auto theft. About half of states distinguish motor vehicle theft as a felony property crime, while a few designate it as grand theft or larceny. In other states, auto theft can be charged under more general theft criminal statutes. Many states cover unauthorized use of a motor vehicle in criminal law, often with misdemeanor or lower felony penalties. About half the states include in criminal codes failure to return a rented motor vehicle, while others use more general rental theft or theft by conversion provisions, with. | Global Economic Research January 30 2013 Global Auto Report Carlos Gomes 416 866-4735 Resource-Rich Provinces Will Continue To Drive Sales Gains In Canada Canadian auto sales climbed 6 last year and will likely edge up further in 2013 advancing to million units the second-highest level on record. The resource-rich provinces of Alberta Saskatchewan and Newfoundland Labrador will continue to lead gains. Purchases in these provinces set record highs in 2012 climbing above the 2007 peak. In contrast even with a moderate gain this year volumes in the rest of Canada will remain 6 below the 2002 peak. Labour markets demographic trends and development activity are strongest in Western Canada while a ramp-up of several projects on the east coast will support regional gains. Commodity prices have rebounded since last summer and will be underpinned over the coming year by the recent pick-up of economic growth in China and improving global financial market conditions. Global equity markets have advanced by more than 20 since mid-2012 including 5 during the first four weeks of 2013. Record Sales In Resource-Rich Provinces Alberta Saskatchewan Newfoundland Labrador. Alberta will be the auto industry s growth leader in 2013. Vehicle sales in Alberta climbed to 239 000 units last year the second-highest on record. We expect volumes to advance to 244 000 units in 2013 approaching the 2007 peak of 249 000 cars and light trucks. Sales will be bolstered by a buoyant labour market record population inflows and a continuing albeit single-digit increase in energy sector investments. Unemployment in Alberta has dropped to only the lowest level in Canada and nearly 3 percentage points below the national average. Meanwhile population growth accelerated to last year nearly triple the advance in the rest of Canada. Alberta s driving-age population is increasing at even a faster pace. Despite these positive developments the improvement in vehicle sales

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