New-Vehicle Sales Curve Remains Flat

Autosphere » Dealerships » New-Vehicle Sales Curve Remains Flat

According to Scotiabank Chief Economist Carlos Gomes, new vehicle sales continued their downward slide in October.

Sales continued on their downward path for the fourth consecutive month and have now dipped below last year’s level. Final results have yet to be tabulated, as two manufacturers have not yet released their sales figures at this time. Reported sales volumes have fallen some 6 % compared to 2015.

The Scotiabank analyst estimates that, at time of publication, annualized sales figures stand at 1.87 million units, their lowest level since May 2015. The general slowdown has affected both light-duty trucks and imports, whose sales have declined for the first time in 42 months. In his opinion, Carlos Gomes believes that the slowdown may only be temporary, as Canadians are in transition, those who are spending are doing so more prudently.


Categories : Dealerships

Popular Posts



21marAll Day23N! Business Forum - We owe you more than business as usual

21mar4:00 pm5:00 pmFree Service Technician Webinar from ASE: Automotive Scan Tool Applications

23marAll Day25The 2023 ERA Trade Show

23mar2:00 pm3:15 pmNAFA Webinar : MD/HD Charging Infrastructure Challenges and Considerations

30marAll Day01apr2023 OARA Convention & Trade Show

31marAll DayFree Service Technician Webinar from ASE: ASE Winter Registration Deadline March 31


04apr(apr 4)4:00 pm05(apr 5)10:30 pmAccessoires d’auto Leblanc Trade Show 2023

12apr2:00 pm3:15 pmNAFA Webinar : Lessons Learned and Best Practices in Fleet Electric Vehicle Charging Infrastructure Deployment

21aprAll Day23The MEVS back at the Olympic Stadium in Montreal for a Sixth Edition

24apr(apr 24)8:00 am26(apr 26)5:30 pmNAFA Institute and Expo 2023