Canada. Kia shines (+10%) while Nissan drops 9.2%

Canada Auto Sales

Canada Auto Sales in Canada is following the US reporting, disclosing information for 12 brands only. However, according to local consultants, year-to-date figures (Tesla excluded) in February are down 0.3% at 233.845 units.  Toyota is moderately growing (+3.7%) while Nissan registers a robust decline (-9.2%). Kia soars in double-digits.

Economic Environment

Canadian economic growth slowed in the final quarter of last year, restrained by a plethora of temporary setbacks. On the domestic front, fixed investment contracted at the sharpest pace in one year after surging in Q3, while the external sector further dragged on growth as exports contracted at the steepest pace since Q3 2017. On a brighter note, private consumption growth was stable in Q4, likely supported by upbeat wage growth and a tight labor market.

Shifting to the first quarter of the year, economic activity will likely rebound due to a low base effect in Q4, but should remain soft as protests over the construction of the Coastal GasLink pipeline in B.C. led to the temporary shutdown of CN Rail’s operations across large parts of the country.

 

Market Trend

Following an impressive series of 8 consecutive growth, the Canadian domestic light vehicles market in the 2017 braked the 2 million units milestone, all time record entering the club of top 10 largest global vehicles industries.

However, such an outstanding level was not maintained in 2019 (-3.7%) and the market entered in a moderately declining phase after having declined 2.2% in 2018.

In 2020, Canada is following the US reporting, disclosing information for 12 brands only. However, according to local consultants, year-to-date figures (Tesla excluded) in February are down 0.3% at 233.845 units.

Brand-wise, the market is always controlled by four brands, Ford, Chevrolet, Toyota and Honda, which in 2019 had combined market share of 42%. According to the available data, in 2020 Toyota is moderately growing (+3.7%) while Nissan registers a robust decline (-9.2%). Kia soars in double-digits.

Service Solutions

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If you like to receive historical data or to subscribe at monthly update, contact us at kventura@focus2move.com and we will arrange a short video call. By showing you our database and segmentation, we can find together the best solutions for your team.

BrandSales YTD 2020+/- YTD 2020
Toyota25.6723,70%
Hyundai14.6747,40%
Nissan13.658-9,20%
Kia8.55010,00%
Mazda7.9875,50%
Subaru6.8239,80%
Mitsubishi3.4608,40%
Lexus3.30513,40%
Acura1.754-11,20%
Infiniti1.175-22,40%
Volvo1.1574,80%
Genesis1702,40%

ModelSales YTD 2020+/- YTD 2020
Toyota RAV47.7203,4%
Nissan Rogue4.0817,6%
Hyundai Kona3.50514,4%
Toyota Highlander1.92126,3%
Nissan Kicks1.85953,1%
Kia Forte1.8104,5%
Toyota Tacoma1.6745,6%
Subaru Crosstrek1.66714,7%
Kia Sportage1.40218,2%
Toyota Tundra1.37010,2%
Subaru Outback1.30016,1%
Kia Soul1.24930,6%
Mazda CX-31.1272,4%
Lexus RX1.04420,6%
Toyota Prius94937,3%
Lexus NX9033,1%
Nissan Micra70014,6%
Mitsubishi Eclipse Cross67632,8%
Kia Sedona5908,7%
Mazda CX-955514,0%
Hyundai Ioniq45146,9%
Nissan Leaf4119,3%
Infiniti QX504089,1%
Kia Niro38018,4%
Infiniti Q5029920,6%
Subaru WRX27333,2%
Nissan NV20022710,2%
Lexus IS17710,6%
Genesis G701407,7%
Infiniti QX801354,7%
Nissan NV1004,2%
Lexus GX85142,9%
Infiniti Q60799,7%
Mazda MX-55616,7%
Genesis G804124,2%
Lexus RC303,4%
Lexus GS1614,3%
Nissan GT-R912,5%
Genesis G90433,3%

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