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

How bad were June’s light vehicle sales?

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In June 2020 Canada was still in the early days of lockdown – restaurants and gyms were closed, travel was non-existent, and toilet paper was in short supply. However even in those grim days the Canadian light vehicle market was stronger than what was recorded this past June.

Sales for June 2022 came in at an estimated 143,773 units, down 11.5% from the same month in 2021. To place this June’s numbers into context, here are the numbers for June going back to 2018:

2018 – 200,156

2019 – 185,496

2020 – 156,327        

2021 – 162,500

2022 – 143,773

Andrew King Managing Partner of Desrosiers Automotive Consultants commented: “Clearly, vehicle shortages remain severe and dominate the market environment. Indeed, last month saw the lowest June sales level since the recession year of 2009 when sales were under 140 thousand. If there is a crumb of comfort to be found in these numbers, it is that the decline in the SAAR we have seen in recent months appears to have abated – with the SAAR for June coming in at 1.45 million – slightly above the May level.”

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