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.
How to Get an Auto Loan After Filing a Lawsuit
Tuesday November 03, 2020
Being involved in a car accident is a very unfortunate scenario that no one wants to find themselves in. However, when it eventually happens, you need to be able to know the things that you need to do to ensure that you can get by right after the accident. In this case, make sure to […]
More random notes from all the media I’ve consumed over the past week. Here are notes from week 3, week 2, and week 1. A few posts I published recently: Ray Dalio describes the 3 forces driving our economy Select highlights from Niall Ferguson’s The Ascent of Money — Top thing I learned this week […]