Tuesday, April 29, 2025

Latest

Canadian Auto Sales Jump 254% From Last Year’s Pandemic Low

Auto sales across Canada skyrocketed in April compared to the same month a year earlier, as consumers resumed vehicle purchases following the nadir at the beginning of the pandemic.

According to estimates published by DesRosiers Automotive Consultants, Canadian auto sales rose from 45,833 units in April 2020 to 162,455 units last month, marking a 254% year-over year-increase. With the onslaught of Covid-19 restrictions being imposed during April of last year, vehicle sales were brought to a near-halt.As a result, DesRosiers noted it isn’t surprising to see such a surge from 2020 levels.

Source: DesRosiers Automotive Consultants

However, DesRosiers did note that April’s seasonally adjusted rate of sales declined to 1.66 million units— which is significantly lower compared to the 1.91 million cars sold in March. Going forward, DesRosiers anticipates that the month of May will be an important time to monitor auto sales, as it is typically a busy time of the year and the ongoing semiconductor chip shortages could derail a further recovery for Canada’s auto sales market.


Information for this briefing was found via DesRosiers Automotive Consultants. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Leave a Reply

Video Articles

Bell Q3 Earnings: Massive Impairments. Guidance Cuts. A Mess.

Alamos Gold Q3: Record Revenue & Production Amid Rising Costs

The Junior Mining Market Is Back

Recommended

Germany Looks To Modernize Military Recruitment But Stops Short of Conscription

First Majestic Silver Posts Topline Revenue Of $146.1 Million In Q3 2024

Related News

Canadian Vehicle Sales Show Upward Trend Amid Pandemic, Increase 147% Since April’s Collapse

Vehicle sales in Canada have been increasing over the last several months, signalling a recovery...

Wednesday, August 5, 2020, 01:24:15 PM

Global Car Market Contracts As Auto Sales Slump Amid Chip Shortage, Covid Delta Variant

The global vehicle market suffered a decline in July, as the ongoing semiconductor shortage and...

Thursday, August 19, 2021, 04:30:00 PM

Car Dealerships are Scrambling to Entice Buyers as Sales Plummet to a Decade Low

The coronavirus outbreak has been causing rampant havoc across the globe; the rapidly exponential spread...

Friday, April 3, 2020, 12:23:10 PM

US Auto Sales Continue to Decline in Second Quarter

The coronavirus pandemic has been detrimental to various industries across the country, especially US automakers....

Saturday, July 4, 2020, 11:30:00 AM

Canadian Auto Sales Slump in October Amid Widespread Vehicle Shortages

Auto sales across Canada trended downwards in October, as the global semiconductor shortage weighed on...

Thursday, November 4, 2021, 04:26:00 PM