Canada - Automotive Sales volume, 2024

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Flash report, Automotive sales volume, 2024

Jan. Feb. Mar. Apr. May Jun. Jul. Aug. Sep. Oct. Nov. Dec.

Flash report, February 2024

Mar 5, 2024

*There are cases where recently released data and detailed information in the database do not match up for reasons including different information sources, and discrepancies between preliminary reports and confirmed data.

Canadian auto sales up a remarkable 24.4% in February
On March 4, Des Rosiers Automotive Consultants reported February automotive sales in Canada came in at an estimated 129,000 units, easily the strongest February of all time, showing a 24.4% increase over February 2023.
Supported by the deep well of pent-up demand from the “lost sales” of the past 4 years, the SAAR for the month hit 2.11 million units, the highest seen since January 2018.
The market has now achieved 16 consecutive months of year over year growth, remarkable in a time of higher interest rates and given that Canada has been in the midst of a per capita recession throughout the past year.
February 2024 had 29 days in it, as did February 2020, which also had robust sales of 125,000 units just prior to the COVID-19 pandemic.
On February 8, Scotiabank maintained its previous forecast for Canada at 1.71 million units for the full year 2024 and revised its 2025 forecast downward from 1.785 million units to 1.77 million units.

Canada - Sales of new vehicles by type
Feb. 2024*1 Feb. 2023 Y-o-Y*1
Passenger cars N/A N/A -%
Light Trucks (Pickup Truck, SUV) N/A N/A -%
Total*1 129,000 103,771 24.4%
Source: DesRosiers Automotive Consultants, MarkLines Data Center
*1 Data announced by DesRosiers Automotive Consultants.


More detailed statistics for Canada

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Flash report, January 2024

Feb 5, 2024

*There are cases where recently released data and detailed information in the database do not match up for reasons including different information sources, and discrepancies between preliminary reports and confirmed data.


Canadian auto sales jump 14.9% in January
On February 2, DesRosiers Automotive Consultants announced that the Canadian automotive market from reporting manufacturers jumped from January 2023’s 98,259 units up to an estimated 112,862 units, a gain of 14.9%.
The SAAR for January came in at 2.06 million – crossing over the two million mark for the first time since February 2020.
“Notably, January sales levels were above the same month from 2019, as pent-up demand continued to overcome high interest rates and economic concerns,” said Andrew King, Managing Partner at DAC. “While inventories remain tight in a couple of critical segments, the market is moving back into a more normal environment in which demand, rather than just supply, plays a more central role in determining sales volumes.”
As of January 17, Scotiabank expected 1.71 million annual auto sales in 2024 and 1.785 million annual auto sales in 2025.

Canada - Sales of new vehicles by type

Jan. 2024 Jan. 2023 Y-o-Y
Passenger cars N/A N/A -%
Light Trucks (Pickup Truck, SUV) N/A N/A -%
Total 112,862 98,259 14.9%

Source: DesRosiers Automotive Consultants, MarkLines Data Center

More detailed statistics for Canada

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