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Industry News
Manufacturers NewsManufacturers ramp up minivan inventoryWith the additions to the market of mid- and full-size three-row crossovers, sales in the overall minivan market have taken a beating in the past couple of years.According to Canadian industry analysts at DesRosiers & Associates, minivan sales are down by almost a third compared to this time last year while intermediate SUV sales are up almost 40 per cent and large SUVs are up over 50 per cent. Much of that minivan sales slide has been a result of some former key players like Ford and General Motors abandoning the segment. Despite this, the remaining players seem happy enough to keep investing in new product, with three new or updated minivans arriving for the 2011 model year.Toyota has already released its thoroughly refreshed Sienna for 2011. Chrysler is scheduled to update its popular Town & Country and Dodge Caravan models by the end of this year.
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