Canadian demand for new vehicles continues to be strong and inventory is slowly building, but sales remain a long way off those of 2019, the last year before the COVID-19 pandemic wreaked havoc on the auto industry.
Most automakers still reporting monthly sales saw their July numbers increase compared to the same month in 2022. But, almost all fell well short of 2019 totals. Only Subaru can justifiably say it is back to “normal.”
"There is still significant ground to cover in order to return to pre-pandemic levels," DesRosiers said in a news release."July new light vehicle sales in 2019 reached 173,519 units sold, meaning July 2023 remains 18.8 per cent behind. Honda’s July sales totaled 10,905, up 32.5 per cent compared with the same month last year. But, they are still down 38 per cent compared with 2019, when the automaker sold 17,961.
“Some brands managed to consistently get some inventory to dealers, some saw availability ebb and flow, and some brands experienced sustained inventory troubles that continue to persist today,” the firm said earlier this month.However, Toyota sold more vehicles than any reporting automaker last month. It sold 19,871, up seven per cent from a year prior. And Kia sales were up 39 per cent to 7,333 in July. Sales have increased tin nine consecutive months, DesRsoiers said.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Surging condo sales drive Calgary home sales record for JulyPrices are up across all categories, even as year\u002Dto\u002Ddate sales lag 2022 levels, the Calgary Real Estate Board reports.
Read more »
Surging condo sales drive Calgary home sales record for JulyPrices are up across all categories, even as year\u002Dto\u002Ddate sales lag 2022 levels, the Calgary Real Estate Board reports.
Read more »
Canadian factory activity slows for third straight month in July amid uncertain economic outlookNew export orders were a bright spot, expanding for the first time in 14 months, helped by improved demand from the United States, Canada’s biggest export market by far
Read more »
Hibernia Fined $400,000 in Connection with 2019 Oil SpillThe operators of the Hibernia oilfield have been fined almost half a million dollars in connection with a spil...
Read more »
Hibernia to pay big for 2019 oil spillHibernia will have to pay close to $500,000 for an oil spill that happened in 2019. The 12,000 litre spill left oil slicks in the ocean that were several kilometres long. In January, trial dates were announced for the company to face charges, including failing to cease work causing pollution. This week, Hibernia pleaded guilty […]
Read more »
Gold SWOT: Agnico Eagle's second quarter earnings and sales tops estimates.Commentaries from industry expert Frank Holmes focusing on gold price movements, what's moving markets and what to expect in the metals sector. This includes his weekly Gold SWOT analysis, which is also featured in his own Kitco News show Gold Game Film
Read more »