TORONTO — Consultants estimate that car and truck sales last month fell 17.4 per cent compared with January 2020, after COVID-19 lockdowns and inventory shortages hampered sales.
DesRosiers Automotive Consultants says that 90,890 cars and trucks were sold in January, down from the 109,988 sold in the same month last year, as much of the country faced restrictions related to the pandemic.
The consultants say the drop in vehicle sales last month is a significant change from January 2020, which was the fourth best January on record for Canada auto sales.
DesRosiers managing partner Andrew King says it was no surprise that auto sales declined in January, since the industry has also been working through supply chain disruptions over the past month
A separate report from on U.S. vehicle sales from TD Economics says that a shortage of microchips has temporarily halted production at multiple North American car and truck plants.
DesRosiers Automotive Consultants say that despite the overall sales decline last month, light trucks gained popularity in Canada and accounted for 84.6 per cent of sales.
King says that with light trucks “smashing through the 80 per cent threshold,” SUVs and pickup trucks “continued to make relative market gains.”
This report by The Canadian Press was first published Feb. 3, 2021.
The Canadian Press
MOST COMMENTED
Truck Trend
What To Do If Involved in a Car Accident in Nevada
Car & Automotive
AutoNation to buy mobile service provider RepairSmith
Bike Advice
This $80K S2000 shows that rare, perfect-condition cars are still commanding big bucks — Petersen Automotive Museum
Motor Trend
United Pacific Giveaway Sweepstakes | Classic Car Restoration Club
gadget
Essential Insurance Considerations for Road Trips and Health Care
Motor Trend
Mercedes, Rivian pause plan for electric van JV in Europe
Motor Trend
5 Things to Look for in an Extended Warranty Company