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Canada 2020. In May the vehicles market lost 43.1%, supported by car dealerships restart

Canada Auto Sales managed to improve in May 2020 compared to April’s fall, as car dealerships in Quebec and Ontario were able to reopen from May 4. Indeed, 113.224 units were sold in May (-43.1%), leading Year to Date sales to 487.678 (-39.5%).Canada Auto Market in MayAs car dealerships were allowed to restart activities in Quebec and Ontario – keeping health and safety guidelines – from May 4, the national car market was largely supported, performing much better than April (-74.6%). Indeed, near 80% of registrations are concentrated in these two provinces.As a result, 113.224 units were sold in May (-43.1%), leading Year to Date sales to 487.678 (-39.5%).Post Covid19 Market TrendIn order the counter the spread of the virus, by mid-March all of Canada’s provinces and territories had declared states of emergency with various degrees of movement restrictions, with several provinces implementing school and non-essential businesses closures.Since these measures were introduced roughly one week earlier than the U.S., the Canadian new vehicle market was more impacted than the U.S. Indeed, in March registrations fell 48% to just 95.800 units, ending the first quarter at 329.645 (-20.8%).In April the market reported the lowest monthly volume in over 60 years, as lockdown measures were held throughout the month. Indeed, sales fell 74.6% in April with 45.833.Medium Terms Market TrendFollowing an impressive series of 8 consecutive growth, the Canadian domestic light vehicles market in 2017 braked the 2 million units milestone, hitting the current all-time record and entering the club of top 10 largest global vehicles industries.However, such an outstanding level was not maintained in 2019 (-3.7%) and the market entered in a moderately declining phase after having declined 2.2% in 2018.In 2020, Canada is following the US reporting, disclosing information quarterly. However, according to local consultants, year-to-date figures February (Tesla excluded) were down 0.3% at 233.845 units.Tables with sales figuresIn the tables below we report sales for all Brands, top 10 Manufacturers Group and top 10 ModelsThis content is for members only. Visit the site and log in/register to read.

Notes from a Jonathan Haidt TED talk: “Sports is to war as pornography is to sex”
Sunday July 26, 2020

I was going over old TED talk notes and found this gem. Seems especially relevant today: Here are my notes: openness and comfort with new experiences are traits strongly correlated with liberal political attitudeworst idea in psychology: “mind is blank slate at birth”in reality we’re pre-programmed with a lot: “nature provides a first draft”“sports is to war […]

Global Auto Market. Toyota at the best share in over 10 years, while Covid-19 hampers Volkswagen
Thursday June 04, 2020

World Cars Brand Ranking in April 2020 sees Toyota – one of the least damaged from Covid-19 crisis – widening the gap from Volkswagen, reaching the best market share in over 10 years. Hyundai threatens Ford to reach the podium, outpacing Honda and Nissan.The Global Auto Brands RankingIn 2020, Toyota brand reached the highest Year […]

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