New Car Purchases Expected to Slow in 2017

Autosphere » Dealerships » New Car Purchases Expected to Slow in 2017

After several years of record vehicle sales in Canada, purchases are expected to edge lower in 2017.

According to the latest Global Auto Report, published by Carlos Gomes, Senior Economist and Auto Industry Specialist, Scotiabank, “global car sales accelerated sharply in the final months of 2016 and gains are expected to continue, albeit more slowly over the coming year, lifting purchases to an eighth consecutive annual record.”

In the United States, increased replacement demand, growing consumer confidence, and attractive financing options are expected to lift sales to a third consecutive annual record.

In Canada, however, Gomes says volumes will be undercut by recent price hikes for new cars and light trucks, as well as lower replacement demand than in the United States. “In population-adjusted terms,” he adds, “volumes are already at the last peak achieved in 2002 and unlikely to increase further.”

Look for a full report in the next issue of AutoJournal.

Categories : Dealerships

Popular Posts



28mar4:00 pm5:00 pmFree Service Technician Webinar from ASE: Audi e-tron® Thermal Management

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

24aprAll Day28AutoAide : Mastering The Art of Diagnosis Level One

26apr12:00 pm1:00 pmOnline Symposium on Innovation and Automation in Remanufacturing