While some automakers have reported that the now-chronic supply chain issues impeding production are beginning to ease, there is no evidence of any improvement reflected in Canadian vehicle sales through the first half of 2022. June’s sales of 143.773 new …
The shortage of inventory continues to have a depressing effect on the sales figures for 2022, deflating June sales numbers to below what the industry was experiencing at the beginning of the pandemic when everyone was in lockdown. A new …
American sales numbers, which are closely tied to Canadian market conditions, are still facing supply pressures that have been constant since at least January. According to the Cox Automotive June sales forecast released today, “the seasonally adjusted annual rate (SAAR) …
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, …
