In a report released by AutoTrader.ca this week, it was revealed that auto prices are at record highs across the country. Used auto prices continued to gradually increase throughout the first part of 2022, which is “the opposite of the …
The wholesale market continued on a mild decline this week, according to Canadian Black Book. The Canadian wholesale market for used cars continued its mostly flat trajectory with another very slight decline overall for the tenth straight week. The week …
Traditionally, May is the best month of the year in terms of new-vehicle sales, with momentum building progressively from early in the year to its late-Spring sales peak. But not this year. May 2022 sales of 140,725 units, as estimated …
It’s spring, the season when new-vehicle sales typically ascend toward their May crescendo, the apogee of the annual sales chart. But it is not happening this year, just as it didn’t happen last year. In fact, April 2022 sales of …
Overall prices declined slightly in the Canadian used wholesale market for the week ending on April 12—down 0.04% compared to the previous week’s -0.02%, according to Canadian Black Book. The 2017-2019 average for that week was -0.13%. The car segment saw …
March of 2021 was the strongest month of the last year for auto sales in Canada, but given the combined impact of ongoing pandemic-related issues and supply-side constraints, the trend has been downhill ever since. Sales of 140,460 new vehicles …
Canadian automotive retail sales experienced “significant” increases throughout 2021, according to a year-end review from DesRosiers Automotive Consultants (DAC). “In almost all cases this was driven primarily by higher prices per unit—rather than booming unit volumes,” said Andrew King, Managing …
The more things change, the more they stay the same, it seems. While the pandemic restrictions that limited sales over much of the past two years are now mostly behind us, the microchip shortage that ensued is being resolved only …
Hopes for a dramatic resurgence of auto sales in Canada with the new year will remain unrealized for a while yet, as supply-side issues continue to constrain vehicle production for most manufacturers. Canadian sales of 91,411 new vehicles in January, …
The ongoing effects of the Covid-19 pandemic have made analysis of new-vehicle sales in Canada during the first quarter of 2021 something of a toss-up. They can be interpreted as up or down, depending on the comparator — the chaotic …
After bottoming out in April, due to the effects of the COVID-19 pandemic, new-vehicle sales bounced back quickly to within 5% of previous-year figures by July and they’ve continued at or above that level, on average, since then. Until November! …
In spite of the ongoing effects of the COVID-19 pandemic, October sales of 156,095 new vehicles in Canada were down just 2.1% from the same month last year, based on estimates by DesRosiers Automotive Consultants (DAC). Cumulative year-to-date sales of …
