DesRosiers Automotive Consultants says August auto sales were up 5.6 per cent compared with the same time last year but estimates tougher gains in the coming months. Pickup trucks are pictured at an automotive dealership in Ottawa on Friday, Aug. 11, 2023. THE CANADIAN PRESS/Sean Kilpatrick
DesRosiers Automotive Consultants says August auto sales were up 5.6 per cent compared with the same time last year but estimates tougher gains in the coming months. Pickup trucks are pictured at an automotive dealership in Ottawa on Friday, Aug. 11, 2023. THE CANADIAN PRESS/Sean Kilpatrick
skpTORONTO - DesRosiers Automotive Consultants says August auto sales were up 5.6 per cent compared with the same time last year but predicts sales gains will be tougher to come by in the coming months.
The consultancy estimates 165,000 units were sold in August, calling it healthy year-over-year growth.
It adds, though, that the sales activity was still below pre-pandemic levels, when auto sales for August regularly topped 180,000 units.
DesRosiers says sales were up 10.5 per cent as a whole during the first seven months of the year as vehicle supply improved.
Andrew King, managing partner at DesRosiers, says the market's ability to keep producing significant percentage gains will be more difficult heading into the end of the year as the final four months of 2023 were strong, creating tough benchmarks to beat.
DesRosiers cites rising unemployment, declining GDP per capita, and high vehicle prices as factors that could also affect auto sales in the coming months.
This report by ºÃÉ«tvwas first published Sept. 5, 2024.
The ºÃÉ«tv Press. All rights reserved.
As climate change continues to raise the risk of extreme wildfires, a debate has a…
Jobs Minister Patty Hajdu is calling on Air Canada and the union for its flight at…
Sorry, an error occurred.
Already Subscribed!
Cancel anytime
Thank you .
Your account has been registered, and you are now logged in.
Check your email for details.
Submitting this form below will send a message to your email with a link to change your password.
An email message containing instructions on how to reset your password has been sent to the email address listed on your account.
No promotional rates found.
Secure & Encrypted
Thank you.
Your gift purchase was successful! Your purchase was successful, and you are now logged in.
| Rate: | |
| Begins: | |
| Transaction ID: |
A receipt was sent to your email.
