CANADA'S LEADING INFORMATION SOURCE FOR THE METALWORKING INDUSTRY

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CANADA'S LEADING INFORMATION SOURCE FOR THE METALWORKING INDUSTRY

CANADA'S LEADING INFORMATION SOURCE FOR THE METALWORKING INDUSTRY

Automotive market looking good with 11 consecutive months of rising sales

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Year-to-date light vehicle sales in Canada are up over 10%. PHOTO courtesy Ford.

The encouraging news continue for job shops serving the automotive sector, despite the recent worries about the impact of labor strife. New light vehicle sales among reporting manufacturers were overwhelmingly positive at the provincial level in September 2023.

For the month, sales increases were widespread across Canada with all ten provinces showing double digit increases, according to the monthly report from Desrosiers Automotive Consultants (DAC)

The largest of them—in percentage terms—was noted in Prince Edward Island, up 39.4%. Nova Scotia followed at a distance with a 28.6% new light vehicle sales increase. Among the larger volume provinces, Alberta noted a 27.7% sales increase over September 2022. Ontario added the most volume at over ten thousand units thanks to a 19.4% increase over last September. The lowest increase was noted in Newfoundland, still up 10.3%.

For the year so far, Ontario noted the largest sales increase at 11.8% with the lowest noted in Saskatchewan at just 0.2%.

“With new light vehicle sales up now for eleven consecutive months, it is unsurprising that all of the regions in Canada have shown sales increases over last year” commented Andrew King, Managing Partner at DAC. “Variation still exists, but the recovery in sales from the semiconductor shortages is now broadly based from coast to coast to coast.”

Total new light vehicle sales among reporting manufacturers in September reached an estimated 155,259 units sold, up 19.0%. Year-to-date, sales increased 10.1%, reaching 1.26 million units.

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