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Canadian auto sales drop for 10th straight month

Canadian auto sales drop for 10th straight month

     Overall Canadian sales fall 7.9 percent in March * Ford Canada records third month of sales gains * GM retakes No. 1 sales position By John McCrank TORONTO, Sept 1 (Reuters) - Auto sales in Canada fell for a 10th straight month in August, industry figures showed on Tuesday, though Ford managed to maintain the sales and market-share momentum that it gained in the middle of the industry crisis.

    Overall Canadian vehicle sales fell 7.9 percent from August 2008 to 135,351 units, according to data from DesRosiers Automotive Consultants Inc. "I guess one could say that is an improvement from the double-digit declines through most of the past year," said Dennis DesRosiers, president of the firm. "But understand that there is little in these numbers to indicate that things are getting better." Global recession took the legs out from under the auto industry, leading to bankruptcies at General Motors [GM.UL], and Chrysler earlier in the year. Both companies have reemerged from U.S. Chapter 11 filings with the help of billions in U.S. and Canadian government aid, but they have found little sales traction in Canada as lingering concerns and soft economic conditions have kept customers out of the showrooms.