In the decade prior to the pandemic, May was the largest sales month of the year for Canadian auto sales. This held true in 8 of the 10 years from 2010 to 2019. But this pattern didn’t hold true in 2022, according to Andrew King, managing partner of DesRosiers Automotive Consultants.
Sales for May 2022 came in at only 140,725 units, down slightly from April 2022.
“To be sure, the year over year drop of 8.5% in May was ‘better’ than we have seen in the past few months although it should be noted that May 2021 was an unusually weak month so a one year comparable is less hopeful than it may first appear,” commented King. “Sales in May 2019 were in excess of 202,000 units so this May’s total of 140,725 shows how far the market remains from its potential.”