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.
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.
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.
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|Brand||Sales YTD 2020||+/- YTD 2020|
|Model||Sales YTD 2020||+/- YTD 2020|
|Mitsubishi Eclipse Cross||676||32,8%|