Categories: Canada

2022 auto sales worst since 2009, but December numbers offer hope

New-vehicle gross sales in 2022 have been the bottom since 2009, in accordance with DesRosiers Automotive Consultants Inc. 

The agency says automakers bought 1.49 million automobiles this 12 months, a 9.1-per-cent decline in contrast with 2021, and the bottom annual gross sales complete because the Nice Recession.

DesRosiers says gentle automobile gross sales have been up 5.5 per cent in December in contrast with final 12 months.

The agency estimates 109,000 new gentle automobiles have been bought within the month of December, in contrast with 103,000 a 12 months earlier.

Month-to-month totals are solely estimates as a result of the overwhelming majority of automakers report gross sales on a quarterly foundation. 

DesRosiers says gross sales tendencies have been uneven amongst auto producers, with some seeing annual gross sales rise and others seeing them fall, as every has fared otherwise amid provide chain-related stock points.

DesRosiers says the outlook is unclear as rising stock might be offset by a deteriorating financial system.

Ford Motor Co., had the very best gross sales for the 12 months, adopted by Basic Motors Co., and Toyota Canada Inc., in accordance with the Automotive Information Analysis and Information Middle in Detroit.

With 240,325 automobiles bought, Ford was the top-selling automotive model in Canada for the 14th 12 months and the F-Collection pickup was the best-selling truck within the nation for the 57th straight 12 months.

Regardless of the overall, Ford gross sales have been off 1.3 per cent for the 12 months in contrast with 2021.

Basic Motors bought 228,003 new automobiles, up 4.8 per cent.

And Toyota gross sales have been down 11 per cent to 200,205.

This report will likely be up to date.

The Canadian Press and Greg Layson of Automotive Information Canada contributed to this report.

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