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**UNITED STATESSECURITIES AND EXCHANGE COMMISSION** Washington, D.C. 20549

FORM 10-QSB

QUARTERLY REPORT UNDER SECTION 13 OR 15(f) OF THE SECURITIES
  EXCHANGE ACT OF 
  1934 FOR THE QUARTERLY PERIOD ENDED SEPTEMBER 30, 2003

Commission file number**333-10398**

**CAN/AM AUTOSALES, INC.**(Name of small business issuer in its charter)

**1577 W. 4th Avenue Vancouver, BC V6J
  1L6**
  (Address of principal executive offices)

**(604) 732-3799**
  Issuer's telephone number

**IRS TAX ID # 98-0384073**
  (I.R.S. Employer Identification No.)



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**PART I: FINANCIAL INFORMATION**

Item 1.     Financial Statements



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|CAN/AM AUTOSALES, INC. (A development stage enterprise) 
          Balance Sheet
          September 30, 2003
          (Unaudited)
|-----------------------------------------------------------------------------------------------------------------------------------

|ASSETS                                                       |   |         |  
|------------------------------------------------------------ | - | ------- | -
|Current assets:                                              |   |         |  
|Cash                                                         | $ | 43,114  |  
|Prepaid
      expenses                                       |   | 1,000   |  
|Total
      current assets                                   |   | 44,114  |  
|                                                             |   |         |  
|Other assets:                                                |   |         |  
|Website
      development costs in process                   |   | 1,082   |  
|Total
      assets                                           | $ | 45,196  |  
|                                                             |   |         |  
|                                                             |   |         |  
|LIABILITIES                                                  |   |         |  
|Current liabilities:                                         |   |         |  
|Accounts
      payable and accrued expenses                  | $ | 1,627   |  
|Total
      current liabilities                              |   | 1,627   |  
|Total
      liabilities                                      |   | 1,627   |  
|                                                             |   |         |  
|                                                             |   |         |  
|STOCKHOLDERS' EQUITY (DEFICIT)                               |   |         |  
|Common stock, $.001 par value, 100,000,000
      authorized, |   |         |  
|3,450,000
      shares issued and outstanding                |   | 3,450   |  
|Capital in excess of par value                               |   | 67,050  |  
|Deficit accumulated during the development
      stage       |   | (26,931 | )
|Total
      stockholders' equity (deficit)                   |   | 43,569  |  
|Total
      liabilities and stockholders' equity             | $ | 45,196  |  

The accompanying notes are an integral part of these statements.

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|CAN/AM AUTOSALES, INC.
          (A development stage enterprise) 
          Statements of Loss
          For The Periods Ended September 30, 2003
          (Unaudited)
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|                                                   |   | Cumulative, Inception, |   |   |               |  
|-------------------------------------------------- | - | ---------------------- | - | - | ------------- | -
|                                                   |   | November 22, 2002      |   |   | Nine Months   |  
|                                                   |   | Through                |   |   | Ended         |  
|                                                   |   | September 30,          |   |   | September 30, |  
|                                                   |   | 2003                   |   |   | 2003          |  
|                                                   |   |                        |   |   |               |  
|Revenues                                           | $ | -                      |   | $ | -             |  
|                                                   |   |                        |   |   |               |  
|General and administrative expenses                |   | 26,931                 |   |   | 25,149        |  
|Total
      operating expenses                     |   | 26,931                 |   |   | 25,149        |  
|(Loss)
      before taxes                          |   | (26,931                | ) |   | (25,149       | )
|                                                   |   |                        |   |   |               |  
|Provision (credit) for taxes on income:            |   |                        |   |   |               |  
|Current                                            |   | -                      |   |   | -             |  
|Deferred                                           |   | -                      |   |   | -             |  
|Total
      provision (credit) for taxes on income |   | -                      |   |   | -             |  
|Net
      (loss)                                   | $ | (26,931                | ) | $ | (25,149       | )
|                                                   |   |                        |   |   |               |  
|Basic earnings (loss) per common share             |   |                        |   | $ | (0.01         | )
|                                                   |   |                        |   |   |               |  
|Weighted average number of shares outstanding      |   |                        |   |   | 2,926,374     |  

The accompanying notes are an integral part of these statements.

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|CAN/AM AUTOSALES, INC.
          (A development stage enterprise) 
          Statements of Loss
          For The Periods Ended September 30, 2003
          (Unaudited)
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|                                                   |   | Quarter Ended |  
|-------------------------------------------------- | - | ------------- | -
|                                                   |   | September 30, |  
|                                                   |   | 2003          |  
|                                                   |   |               |  
|Revenues                                           | $ | -             |  
|                                                   |   |               |  
|General and administrative expenses                |   | 10,460        |  
|Total
      operating expenses                     |   | 10,460        |  
|(Loss)
      before taxes                          |   | (10,460       | )
|                                                   |   |               |  
|Provision (credit) for taxes on income:            |   |               |  
|Current                                            |   | -             |  
|Deferred                                           |   | -             |  
|Total
      provision (credit) for taxes on income |   | -             |  
|Net
      (loss)                                   | $ | (10,460       | )
|                                                   |   |               |  
|Basic earnings (loss) per common share             | $ | (0.00         | )
|                                                   |   |               |  
|Weighted average number of shares outstanding      |   | 3,450,000     |  

The accompanying notes are an integral part of these statements.

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|CAN/AM AUTOSALES, INC.
          (A development stage enterprise) 
          Statements of Cash Flows 
          For The Periods Ended September 30, 2003
          (Unaudited)
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|                                                       |   | Cumulative, Inception, |   |   |               |  
|------------------------------------------------------ | - | ---------------------- | - | - | ------------- | -
|                                                       |   | November 22, 2002      |   |   | Nine Months   |  
|                                                       |   | Through                |   |   | Ended         |  
|                                                       |   | September 30,          |   |   | September 30, |  
|                                                       |   | 2003                   |   |   | 2003          |  
|Cash flows from operating activities:                  |   |                        |   |   |               |  
|Net (loss)                                             | $ | (26,931                | ) | $ | (25,149       | )
|                                                       |   |                        |   |   |               |  
|Adjustments to reconcile net (loss) to cash            |   |                        |   |   |               |  
|provided (used) by development
      stage activities: |   |                        |   |   |               |  
|Changes
      in current assets and liabilities:       |   |                        |   |   |               |  
|Prepaid
      expenses                                 |   | (1,000                 | ) |   | (1,000        | )
|Accounts
      payable and accrued expenses            |   | 1,627                  |   |   | 918           |  
|Net cash flows from operating activities               |   | (26,304                | ) |   | (25,231       | )
|                                                       |   |                        |   |   |               |  
|Cash flows from investing activities:                  |   |                        |   |   |               |  
|Website development costs                              |   | (1,082                 | ) |   | (1,082        | )
|Net cash flows from investing activities               |   | (1,082                 | ) |   | (1,082        | )
|                                                       |   |                        |   |   |               |  
|Cash flows from financing activities:                  |   |                        |   |   |               |  
|Notes and advances from related parties                |   | -                      |   |   | (420          | )
|Proceeds from sale of common stock                     |   | 70,500                 |   |   | 67,500        |  
|Net cash flows from financing activities               |   | 70,500                 |   |   | 67,080        |  
|                                                       |   |                        |   |   |               |  
|Net
      increase (decrease) in cash and equivalents  |   | 43,114                 |   |   | 40,767        |  
|                                                       |   |                        |   |   |               |  
|Cash and equivalents, beginning of period              |   | -                      |   |   | 2,347         |  
|Cash and equivalents, end of period                    | $ | 43,114                 |   | $ | 43,114        |  
|                                                       |   |                        |   |   |               |  
|Supplemental cash flow disclosures:                    |   |                        |   |   |               |  
|Cash paid for interest                                 | $ | -                      |   | $ | -             |  
|Cash paid for income taxes                             |   | -                      |   |   | -             |  

The accompanying notes are an integral part of these statements.

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|CAN/AM AUTOSALES, INC.
          (A development stage enterprise) 
          Notes to Unaudited Financial StatementsSeptember 30, 2003
          (Unaudited)
|------------------------------------------------------------------------------------------------------------------------------------------------------------

The accompanying unaudited interim financial statements include
  all adjustments which in the opinion of management are necessary in order to
  make the accompanying financial statements not misleading, and are of a normal
  recurring nature. However, the accompanying unaudited financial statements do
  not include all of the information and footnotes necessary for a complete presentation
  of financial position, results of operations, cash flows and stockholders
  equity in conformity with generally accepted accounting principles. Except as
  disclosed herein, there has been no material change in the information disclosed
  in the notes to the financial statements included in Can/Am Autosales, Inc.s
  Form 10-K for the period ended December 31, 2002. Operating results for the
  nine months ended September 30, 2003, are not necessarily indicative of the
  results that can be expected for the year ended December 31, 2003.

Note 1 - Capital stock: 
  Since its inception, the Company has issued shares of its common stock as follows:

| |          |  |                        |  |         |  | Price Per |  |        | 
| | -------- |  | ---------------------- |  | ------- |  | --------- |  | ------ | 
| | Date     |  | Description            |  | Shares  |  | Share     |  | Amount | 
| | 11/22/02 |  | Shares issued for cash |  | 300,000 |  | $0.01     |  | $3,000 | 
| | 01/13/03 |  | Shares issued for cash |  | 300,000 |  | 0.01      |  | 3,000  | 
| | 01/14/03 |  | Shares issued for cash |  | 275,000 |  | 0.01      |  | 2,750  | 
| | 01/18/03 |  | Shares issued for cash |  | 150,000 |  | 0.01      |  | 1,500  | 
| | 01/20/03 |  | Shares issued for cash |  | 300,000 |  | 0.01      |  | 3,000  | 
| | 01/25/03 |  | Shares issued for cash |  | 100,000 |  | 0.01      |  | 1,000  | 
| | 02/04/03 |  | Shares issued for cash |  | 50,000  |  | 0.01      |  | 500    | 
| | 02/17/03 |  | Shares issued for cash |  | 275,000 |  | 0.01      |  | 2,750  | 
| | 02/24/03 |  | Shares issued for cash |  | 100,000 |  | 0.01      |  | 1,000  | 
| | 02/25/03 |  | Shares issued for cash |  | 200,000 |  | 0.01      |  | 2,000  | 
| | 02/26/03 |  | Shares issued for cash |  | 250,000 |  | 0.01      |  | 2,500  | 
| | 02/27/03 |  | Shares issued for cash |  | 50,000  |  | 0.01      |  | 500    | 
| | 03/01/03 |  | Shares issued for cash |  | 100,000 |  | 0.01      |  | 1,000  | 
| | 03/03/03 |  | Shares issued for cash |  | 100,000 |  | 0.01      |  | 1,000  | 
| | 03/11/03 |  | Shares issued for cash |  | 900,000 |  | 0.05      |  | 45,000 | 

Note 2 - Uncertainty, going concern: 
  At September 30, 2003, the Company was not currently engaged in a business and
  had suffered losses from development stage activities to date. Although management
  is currently attempting to implement its business plan (see Note 2 in the December
  31, 2002 audited financial statements included in the Companys Form 10-K)
  and is seeking additional sources of equity or debt financing, there is no assurance
  these activities will be successful. Accordingly, the Company must rely on its
  officers and directors to perform essential functions without compensation until
  a business operation can be commenced. These factors raise substantial doubt
  about the ability of the Company to continue as a going concern. The financial
  statements do not include any adjustments that might result from the outcome
  of this uncertainty.

Note 3  Website development costs in progress:
  
  The Company follows Emerging Issues Task Force reached a consensus on Issue
  No. 00-2, Accounting for Website Development Costs, (EITF
  Issue No. 00-2), which provides that for specific website

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|CAN/AM AUTOSALES, INC.
          (A development stage enterprise) 
          Notes to Unaudited Financial StatementsSeptember 30, 2003
          (Unaudited)
|------------------------------------------------------------------------------------------------------------------------------------------------------------

development costs, the accounting should be based generally
  on AICPA Statement of Position 98-1, Accounting for the Costs of Computer
  Software Developed or Obtained for Internal Use.Under SOP 98-1, development
  costs are capitalized and amortized to income over the estimated useful life
  of the website.

The Company has incurred $1,082 in development costs through
  September 30, 2003, which have been capitalized; no amortization has been recorded,
  as the site is incomplete.

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Item 2.     Plan of Operation

Can/Am Autosales, Inc., is a development stage company with
  no operations, no revenue, no financial backing and limited assets. Our plan
  is to market used cars through the internet and auto trade magazines to individuals
  in the U.S. and Canada. We will start by establishing a corporate website through
  our registered domain name www.canamautosales.com. We will require a minimum
  of $37,500 before we will consider this financing to be sufficient to purchase
  a vehicle and lease a lot. However, we feel that we will require at least $75,000
  through our current offering in order to develop this business.

The President of Can/Am, Mr. Groumoutis, has a strong background
  in the automotive trade business since 1989, primarily in the maintenance of
  vehicles. This experience is what is crucial to identifying quality used vehicles
  that require minimum maintenance and/or repairs. Mr. Groumoutis, who is based
  in Vancouver, B.C., will be responsible for the development of the U.S. and
  Canadian markets.

As of September 30, 2003, Can/Am had approximately $43,000
  in cash. Development stage net loss for the nine months ended September 30,
  2003 was $25,149, compared to $1,782 for the period November 22, 2002 (inception)
  through December 31, 2002. The loss for the nine months ended September 30,
  2003 consisted primarily of legal and accounting expenses incident to the companys
  development stage activities, including the filing of registration statements
  with the SEC.

The website is now under construction from the funds already
  raised. Using these funds the framework of the website will be completed, which
  includes the site-map (layout), color schemes, interface design, logos and branding.
  Navigational structure and interactive functionality will be built around the
  following modules; home, about us, cars (inventory), location, and contact information.

During the next year of operations, Can/Am will focus on finding
  sufficient investment capital, applying to get its common stock listed on a
  national exchange, locate a storage lot, identify and purchase used vehicles,
  and marketing these vehicles for sale. Upon raising at least $37,500 we will
  look into leasing at least 3 parking spaces. We will then go about purchasing
  inventory. We will shop for vehicles through individuals by searching newspapers,
  auto trade magazines and their websites. Another source of purchasing vehicles
  is through wholesalers, which are dealers that are offering cars for sale to
  other dealers at wholesale prices. Can/Am is most likely to source cars through
  the individual sellers

Once we have a vehicle available for sale, we will then advertise
  it in newspapers, auto trade magazines, and our website. We feel that the advertising
  and marketing is key to our success, as it not only advertises vehicles for
  sale, but it is also a way of exposing Can/Am to the public. Our advertising
  will focus on driving people to our website, as well as providing contact information
  if people do not use the internet. We will not purchase our first vehicle until
  after the close of the offering. The Company feels that it can have its first
  car available for sale by February 1, 2004.

Can/Ams website at, www.canamautosales.com, will be
  used as an information portal and will not offer on-line buying. The website
  will advertise all the vehicles available for sale with detailed mechanical
  inspection reports. It will also provide contact information by telephone, e-mail,
  and fax.

During this first year of operations, our officers and directors
  will also provide their labor at no charge. We do not anticipate hiring any
  staff during this period. However, P.S. Motors Ltd., a company owned and operated
  by Mr. Groumoutis will charge a standard rate for its labour, for work performed
  by its staff for Can/Ams vehicles.

How long we will be able to satisfy our cash requirements,
  and whether we will require additional outside funding in the next twelve months
  depends on how quickly we can generate sales revenue and how much revenue can
  be generated .We have no plans to undertake product research and development
  during the term covered by this prospectus. There are also no plans or expectations
  to purchase or sell any plant and or significant equipment in the first year
  of operations.

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Item 3.     Effectiveness of the
  registrants disclosure controls and procedures

Within the 90-day period prior to the filing of this report,
  the Company carried out an evaluation of the effectiveness of the Companys
  disclosure controls and procedures (as defined by Rule 13a-14(c) under the Securities
  Exchange Act of 1934) under the supervision and with the participation of the
  Companys chief executive officer and chief financial officer. Based on
  and as of the date of such evaluation, the aforementioned officers have concluded
  that the Companys disclosure controls and procedures were effective.

The Company also maintains a system of internal accounting
  controls that is designed to provide assurance that assets are safeguarded and
  that transactions are executed in accordance with managements authorization
  and properly recorded. This system is continually reviewed and is augmented
  by written policies and procedures, the careful selection and training of qualified
  personnel and an internal audit program to monitor its effectiveness. During
  the third quarter of fiscal year 2003, there were no significant changes to
  this system of internal controls or in other factors that could significantly
  affect those controls.

Item 6.     Exhibits and Reports
  on Form 8-K Exhibits:

|Exhibit No. | Document                                                                                                                                                                                | Location        
|----------- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | ----------------
|3.1         | Articles of Incorporation                                                                                                                                                               | Previously Filed
|3.2         | Bylaws                                                                                                                                                                                  | Previously Filed
|31.1        | Certification of the Chief Executive Officer pursuant
        to Section 302 of the Sarbanes-Oxley Act of 2002                                                                          | Included        
|31.2        | Certification of the Chief Financial Officer pursuant to
      Section 302 of the Sarbanes-Oxley Act of 2002                                                                            | Included        
|32.1        | Certification of the Chief Executive Officer of the Company
      pursuant to 18 U.S.C. 
      Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act
      of 2002 | Included        
|99.1        | Prospectus, Filed October 24, 2003                                                                                                                                                      | Previously Filed

Reports on Form 8-K:

None

SIGNATURES

In accordance with the requirements of the Exchange Act, the
  registrant caused this amended report to be signed on its behalf by the undersigned,
  thereunto duly authorized.

CAN/AM AUTOSALES, INC.

Date: November 14, 2003

/s/ Triantafyllos Groumoutis 
  Triantafyllos Groumoutis 
  President and Duly Authorized Officer

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