The Canadian Automobile Dealers Association announced the publication of the newest version of its annual Data Report this week, expanding the scope of data and insights through its partnerships with Statistics Canada, Canadian Black Book, J.D Power, DesRosiers Automotive Consultants, NCM associates, and MNP.
“Better education of the public on the reality of auto dealerships is dependent on the quality of the information presented,” said Tim Reuss, President and CEO of CADA, in a statement. “The amazing support we received from our industry partners has allowed us to include more data and more refined analysis in the 2023 Data Report.”
The report, highlighting an industry that employs more than 160,000 Canadians and generates more than $28 billion in GDP, provides up-to-date information and economic data about the auto sector. It is drafted to ensure dealers, the media, politicians and other stakeholders can keep track of important trends, market transformations, and industry insights.
For example, the new report reveals 1,664,085 new vehicles were sold across Canada through the 3,457 dealerships in the country. It also noted that, on average, dealerships wrote 8,556 repair orders; the total amount for service and parts sales was $30.8 billion; and that new vehicle registration for zero-emission vehicles in Canada reached 10.80% over 2023. In 2022 it was 8.7%, and in 2021 5.4%.
Total sales on average per dealership in 2023 reached $65,153,944 — up 12.33% from 2022. New vehicles make up 37.14% of the share of total dealership gross revenue, while service gets 22.06%, used vehicles 18%, and parts 15.9%. Body shop gets 6.84%. For 2023 ZEV penetration rates, the top provinces are British Columbia (23.3%), Québec (19.5%), and Ontario (7.3%).
The full report is available here.
